Core Viewpoint - Stingray Group Inc. will consolidate its subordinate voting shares and variable subordinate voting shares to trade under a single ticker "RAY" on the Toronto Stock Exchange (TSX) effective February 13, 2026, aimed at improving liquidity for the variable subordinate voting shares [1][3][4]. Group 1: Share Trading Changes - Currently, subordinate voting shares trade under "RAY.A" and variable subordinate voting shares under "RAY.B"; after the change, both will trade under "RAY" with a new CUSIP number 86084H407 [2]. - The consolidation is intended to enhance demand and liquidity for the variable subordinate voting shares, which have historically experienced lower trading volumes [3]. Group 2: Shareholder Restrictions - The subordinate voting shares can only be held by Canadians, while variable subordinate voting shares are restricted to non-Canadians, with automatic assignment based on the holder's status [5]. - Voting procedures for shareholder meetings remain unchanged, requiring shareholders to complete a Declaration of Canadian Status to comply with ownership restrictions [6]. Group 3: Company Overview - Stingray Group Inc. is a leading connected streaming media company, offering a wide range of audio and video content globally, including live audio stations, music channels, and wellness channels [9]. - The company reaches hundreds of millions of consumers monthly and is supported by a team of over 1,000 employees [9].