GlobalBlock Announces Effective Date for Name Change and Share Consolidation

Core Points - The company will change its name to "BLOK Digital Ltd." and implement a share consolidation effective October 24, 2025 [1][2] - The consolidation will be on a basis of 4.8 pre-consolidation common shares for each one post-consolidation common share [1] - After the consolidation, approximately 17,982,029 common shares will be issued and outstanding [2] Shareholder Information - No fractional shares will be issued; shares will be rounded up or down based on specific criteria [3] - Registered shareholders will receive a letter of transmittal from the transfer agent, Odyssey Trust Company, for the exchange of share certificates [4] - Non-registered shareholders should check with their intermediaries for specific procedures regarding the consolidation [4] Convertible Securities - The exercise or conversion price and the number of common shares issuable under any convertible securities will be proportionately adjusted upon completion of the consolidation [5]