James Anderson Provides Update on Holdings of Myndtec Inc.

Core Viewpoint - James Anderson has updated his holdings in MyndTec Inc., indicating a significant increase in ownership following the completion of the seventh tranche of a private placement [1][6]. Summary by Sections Ownership Update - As of November 6, 2025, following the seventh tranche, the Investor owns 11,114,926 Common Shares and 5,056,733 Warrants, representing approximately 47.00% of the outstanding Common Shares on a partially diluted basis [6]. - Prior to the seventh tranche, the Investor owned 10,852,899 Common Shares and 4,925,719 Warrants, which was about 46.39% of the outstanding Common Shares [3]. Private Placement Details - The seventh tranche of the private placement involved the issuance of 262,027 Units at a price of $0.20 per Unit, with each Unit consisting of one Common Share and one-half Warrant [2]. - Each whole Warrant is exercisable to acquire one Common Share at an exercise price of $0.24 for a period of 36 months following the closing date [2]. Historical Ownership Changes - Prior to the sixth tranche, the Investor held 10,589,471 Common Shares and 4,794,005 Warrants, representing approximately 45.76% of the outstanding Common Shares [4]. - Before the fifth tranche, the Investor owned 10,067,365 Common Shares and 4,532,952 Warrants, which accounted for approximately 44.47% of the outstanding Common Shares [5]. Transaction Purpose - The transaction was conducted in the ordinary course of business for investment purposes and not intended to exert control over MyndTec Inc. The Investor may acquire additional shares or warrants or dispose of existing holdings in the future [7].