Mr. Magali Micheletti of investor European High Growth reports

EARLY WARNING PRESS RELEASE

HYLQ Strategy Corp. investor European High Growth Opportunities Securitization Fund is issuing this press release as required by National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, and National Instrument 62-104 -- Take Over Bids and Issuer Bids with respect to the acquisition of common shares in HYLQ Strategy Corp. (formerly Tony G Co-Investment Holdings Ltd.).

On Feb. 1, 2024, the fund acquired 1,312,946 common shares in connection with the company's automatic conversion of $1,288,000 principal amount of convertible debentures that were issued to the fund by the company on Aug. 10, 2021.

Prior to the issuance of the acquired shares, the fund held 732,700 common shares, representing approximately 6.22 per cent of the issued and outstanding common shares on a non-diluted basis.

Immediately following the issuance of the acquired shares, the fund owns, controls or directs an aggregate of 2,045,646 common shares representing approximately 15.63 per cent of the issued and outstanding common shares on a non-diluted basis. In addition, the fund holds 460,000 common share purchase warrants exercisable into 460,000 common shares and, together with the 2,045,646 common shares, approximately 18.49 per cent of the issued and outstanding common shares on a partially diluted basis.

The acquired shares were issued at a deemed conversion price of 98 cents per acquired share representing an aggregate of $1,286,687.08 and were acquired following the automatic conversion of the debenture which was acquired for investment purposes. Depending on market and other conditions, the fund may, directly or indirectly, acquire ownership or control over additional securities of the company, through the open market or through private acquisitions or sell securities of the company either on the open market or through private dispositions in the future depending on market conditions and/or other relevant factors.

The early warning report will be filed by the fund and will be available on the company's profile on SEDAR+, or may be obtained directly from the fund by telephoning the contact below.

Fund address and contact:  European High Growth Opportunities Securitization Fund61, rue de Rollingergrund L-2440, Luxembourg

Telephone:  +352 26 73 78 804