Antanas Guoga Announces Filing of Early Warning Report Related to Sol Strategies Inc

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings), has filed an early warning report regarding his acquisition of 3,986,200 common shares through CSE transactions between November 11-15, 2024.

Rhea-AI Summary

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings), has filed an early warning report regarding his acquisition of 3,986,200 common shares through CSE transactions between November 11-15, 2024. Following the acquisition, Guoga's holdings changed from 52,579,667 to 48,545,067 common shares, plus 2,000,000 stock options, representing approximately 33.21% of outstanding shares (undiluted) and 34.11% (partially diluted). The acquisition was made for investment purposes, with Guoga maintaining a long-term investment view.

Positive

• Significant insider ownership at 33.21% demonstrates strong alignment with shareholder interests
• Chair's long-term investment perspective indicates confidence in company's future

Negative

• Reduction in Chair's total share position from 52.5M to 48.5M shares

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Toronto, Ontario--(Newsfile Corp. - November 20, 2024) - Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly, Cypherpunk Holdings Inc., the "Company"), announces that he has filed an early warning report (the "Report") regarding the acquisition ("Acquisition") of 3,986,200 common shares (the "Common Shares") in the capital of the Company through transactions between November 11, 2024 and November 15, 2024, through the facilities of the Canadian Securities Exchange (the "CSE").

Prior to the completion of the Acquisition, Mr. Guoga held an aggregate of 52,579,667 Common Shares and stock options entitling him to purchase up to 2,000,000 Common Shares, representing approximately 35.97% of the issued and outstanding Common Shares on an undiluted basis and approximately 36.83% of the issued and outstanding Common Shares on a partially diluted basis. Upon completion of the Acquisition, Mr. Guoga held an aggregate of 48,545,067 Common Shares and stock options entitling him to purchase up to 2,000,000 Common Shares, representing approximately 33.21% of the then issued and outstanding Common Shares on an undiluted basis and 34.11% of the then issued and outstanding Common Shares on a partially diluted basis.

The Acquisition was completed for investment purposes. Mr. Guoga has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell the Common Shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the Report, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca, or may be requested by mail at: Antanas Guoga c/o Sol Strategies Inc., 217 Queen Street West, Suite 401, Toronto, ON M5V 0R2, or by email at tonyguoga@icloud.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230757

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Sol Strategies (CYFRF) does Antanas Guoga own after the November 2024 transaction?

After the transaction, Antanas Guoga owns 33.21% of shares on an undiluted basis and 34.11% on a partially diluted basis.

How many Sol Strategies (CYFRF) shares did Antanas Guoga acquire in November 2024?

Antanas Guoga acquired 3,986,200 common shares between November 11-15, 2024.

What is the purpose of Antanas Guoga's share acquisition in Sol Strategies (CYFRF)?

The acquisition was completed for investment purposes, with Guoga maintaining a long-term investment view in the company.