This document in English is a translation of the original in Swedish. In case of any discrepancy, the Swedish original will prevail. Increased turnover. Positive EBITDA. January - June 2025 Turnover totalled 14 848 (12 230) TSEKProfit after financial items -1 141 (-4 960) TSEK Earnings per share -0,0 (-0,1) SEK April - June 2025 Turnover totalled 7 471 (6 236) TSEKProfit after financial items -587 (-2 017) TSEK Earnings per share -0,0 (-0,0) SEK The second quarter of 2025 marks another positive step forwar ...

Core Insights - Vertiqal Studios has acquired certain assets of Revmo Inc., enhancing its capabilities in social commerce and data management [1][2] - The acquisition includes Revmo's core intellectual property, which will bolster Vertiqal's technology efforts and improve client acquisition and retention [2][3] - Freddie de Sibert, founder of Revmo, has been appointed as Vertiqal's Chief Data Officer, bringing significant industry experience [1][4] Company Overview - Vertiqal Studios is North America's largest owner of gaming and lifestyle social media channels, specializing in digital strategy and content distribution [12] - The company manages over 130 channels across platforms like TikTok, Instagram, and Snapchat, producing more than 100 pieces of content daily for an audience exceeding 52 million followers [12] - Vertiqal partners with major brands to create innovative advertising solutions, leveraging its deep understanding of culture and community [12] Acquisition Details - The asset purchase agreement (APA) was executed on August 7, 2025, with Vertiqal acquiring Revmo's intellectual property for approximately US$1,140,916 (CDN$1,561,615) [3] - In exchange, Vertiqal issued 62,464,656 common shares at a deemed price of C$0.025 per share, with a hold period of two years plus one day [3] - The acquisition is subject to final approval from the Toronto Stock Exchange [3] Data Capabilities - Revmo's data platform provides real-time and historical data analysis across multiple social media channels, enhancing audience insights and predictive capabilities [4][5] - Vertiqal will gain full-lifecycle visibility on engagement across 170+ channels and 3+ platforms, improving operational capabilities and revenue potential [5][8] - The integration of Revmo's data platform allows Vertiqal to engage with a "digital twin" of their audiences, enhancing data-driven decision-making [7] Strategic Impact - This acquisition marks a significant milestone in Vertiqal's growth trajectory, expanding revenue capabilities and improving operating margins [9] - The integration of advanced data analytics will accelerate Vertiqal's adoption of AI technologies, enabling better media classification and trend prediction [9][10] - Vertiqal aims to transform into a data-driven engagement platform, enhancing its competitive advantage in the digital media landscape [10]

Core Viewpoint - DeFi Development Corp. plans to offer $100 million in convertible senior notes due 2030, with an option for an additional $25 million, to qualified institutional buyers, aiming to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] Group 1: Offering Details - The offering of convertible senior notes is subject to market conditions and will be made under Rule 144A of the Securities Act [1] - The notes will accrue interest semi-annually starting January 1, 2026, and will mature on July 1, 2030, unless converted or repurchased earlier [3] - The initial conversion rate and other terms will be determined during pricing negotiations with initial purchasers [4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to repurchase shares of the Company's common stock, while the remainder will be allocated for general corporate purposes, including acquiring SOL [2] Group 3: Prepaid Forward Transaction - The Company plans to enter a prepaid forward stock purchase transaction with an initial purchaser to facilitate derivative transactions, allowing investors to hedge their investments in the convertible notes [5][6] - This prepaid forward is expected to enable investors to establish short positions that may correspond to their investment hedges [6] Group 4: Market Impact - Activities related to the prepaid forward may influence the market price of the common stock and the convertible notes, potentially affecting conversion prices and the value received by noteholders upon conversion [8][7] Group 5: Company Overview - DeFi Development Corp. has a treasury policy that primarily allocates its reserves to SOL, providing investors with direct exposure to the cryptocurrency while participating in the Solana ecosystem [9] - The Company operates its own validator infrastructure, generating staking rewards and is engaged in decentralized finance (DeFi) opportunities [9]

Core Insights - DeFi Development Corp. reported a record-setting May 2025, highlighting advancements in validator infrastructure, treasury growth, and strategic integrations [1][2][3] Group 1: Company Strategy and Operations - The company has adopted a treasury policy focused on accumulating and compounding Solana (SOL), providing investors with direct economic exposure to SOL while participating in the Solana ecosystem's growth [4] - DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is actively engaged in decentralized finance (DeFi) opportunities [4] - The company aims to differentiate itself from other crypto vehicles by compounding SOL exposure per share over time, establishing itself as a pioneering Solana treasury strategy [3] Group 2: Recent Achievements - In May 2025, DeFi Development Corp. achieved its largest monthly SOL purchase, reinforcing its strategy to build a leading publicly traded Solana treasury [8] - The company announced a validator partnership with Bonk, Solana's largest memecoin community, expanding its network of revenue-generating validators [8] - A letter of intent was signed with Kamino Finance, the largest DeFi lending protocol on Solana, to integrate the dfdvSOL liquid staking token [8] - As of May 31, 2025, the company's treasury held a record 621,313 SOL, marking its largest holding to date [8]

Core Insights - The first quarter of 2025 has shown increased turnover and positive cash flow despite a challenging market environment characterized by cautious investment appetite and macroeconomic uncertainty [2][3] - Revenues increased by 23% compared to the same period last year, with cash flow turning positive and achieving positive EBITDA [3][9] - The company has made price adjustments leading to some customer relationship terminations, resulting in a reduction of licenses, which will be reflected in the second quarter [2][3] Financial Performance - Total turnover for the period was 7,378 TSEK, up from 5,994 TSEK in the previous year [9] - Profit after financial items improved to -554 TSEK from -2,943 TSEK [9] - Earnings per share remained at -0.0 SEK, consistent with the previous year [9] Operational Developments - Almost all sold licenses are now fully integrated, positively impacting monthly recurring revenue (MRR) [3] - There is increased interest from academic and research institutions in studying the relationship between work ability management, wellbeing, and productivity using the company's data and platform insights [3] Future Outlook - The company expects market conditions to gradually improve towards the summer and the second half of the year [4] - Focus will remain on driving operational excellence, deepening customer relationships, and seizing new opportunities as they arise [4]