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]

Group 1 - The company intends to change its name to "BLOK Digital Ltd." and consolidate its share capital on a basis of 4.8 pre-consolidation common shares for each one post-consolidation common share [1][2] - The Board of Directors and shareholders have approved the name change and consolidation during the annual general and special meeting held on August 13, 2025 [1][2] - The company's stock symbol will remain "BLOK" after the consolidation [1] Group 2 - Currently, the company has 86,313,741 common shares issued and outstanding, and after the consolidation, it expects to have approximately 17,982,029 common shares issued and outstanding [3] - No fractional shares will be issued as a result of the consolidation, and any fractional shares will be rounded up or down based on specific criteria [3]

Core Points - GlobalBlock Digital Asset Trading Limited has terminated its reverse takeover transaction with RTC Merchants Ltd due to challenging market conditions that hindered the completion of necessary financing [1] - The company is now exploring other acquisition opportunities to combine with a new business [2] - Mr. Rupert Williams has stepped down as CEO and director, with Mr. Angus Campbell appointed as the new CEO and director to lead the company in pursuing a strategic transaction [3][4] Leadership Changes - Mr. Rupert Williams will remain available in an advisory capacity despite stepping down [4] - Mr. Angus Campbell has a background in hedge funds, retail broking, and market analysis, and has established a PR firm serving various sectors [5][6] Future Plans - The company aims to identify and complete the acquisition of or combination with a new business as part of its strategic direction [2][3]