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

Rhea-AI Summary

Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings), has filed an early warning report regarding changes in his shareholding position. The transaction involved the disposition of 5,000,000 common shares as a gift to a third party and the acquisition of 100,000 common shares through the CSE.

Prior to the transaction, Guoga held 38,616,788 common shares and 135,500 stock options, representing approximately 24.39% ownership on both undiluted and partially diluted bases. Following the transaction, his holdings decreased to 33,716,788 common shares and 135,500 stock options, representing approximately 21.24% undiluted and 21.31% partially diluted ownership.

Positive

• Insider maintains long-term investment view in the company
• Chair acquired additional 100,000 shares through CSE

Negative

• Significant insider share disposition of 5,000,000 shares
• Chair's ownership stake reduced by 3.15%

Toronto, Ontario--(Newsfile Corp. - April 11, 2025) - 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 disposition by way of a gift of an aggregate of 5,000,000 common shares (the "Common Shares") in the capital of the Company to a third party and acquired an aggregate of 100,000 Common Shares through the facilities of the CSE (collectively, the "Transaction").

Prior to the completion of the Transaction, Mr. Guoga held an aggregate of 38,616,788 Common Shares and 135,500 stock options, representing approximately 24.39% of the issued and outstanding Common Shares on an undiluted basis and approximately 24,39% on a partially diluted basis. Upon completion of the Transaction, Mr. Guoga held an aggregate of 33,716,788 Common Shares and 135,500 stock options, representing approximately 21.24% of the then issued and outstanding Common Shares on an undiluted basis and approximately 21.31% on a partially diluted basis.

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/248276

FAQ

What changes occurred in Antanas Guoga's ownership of Sol Strategies (CYFRF) in April 2025?

Guoga gifted 5,000,000 shares to a third party and acquired 100,000 shares via CSE, reducing his ownership from 24.39% to 21.24% (undiluted).

How many shares of CYFRF does Antanas Guoga currently hold after the transaction?

After the transaction, Guoga holds 33,716,788 common shares and 135,500 stock options.

What was the net change in Antanas Guoga's CYFRF shareholding percentage?

Guoga's shareholding decreased by approximately 3.15%, from 24.39% to 21.24% on an undiluted basis.

What are Antanas Guoga's future intentions regarding his CYFRF holdings?

Guoga maintains a long-term investment view and may acquire additional shares or sell existing ones depending on market conditions and other factors.