Mr. Jason Dussault reports
$2.17 MILLION IN PROCEEDS RECEIVED BY INTELLISTAKE FROM WARRANT EXERCISES
Since October, 2025, Intellistake Technologies Corp. has received a total of $2,171,714 in proceeds from the exercise of warrants. This includes $114,400 in proceeds received from the company's chief executive officer, Jason Dussault. It has used, or will use, these proceeds for acquisitions of digital currencies, research and development, marketing, repayment of existing accounts payable, investor relations expenditures, working capital requirements, and other general corporate purposes.
"I want to thank our shareholders for their continued support. This additional investment underscores the confidence in what we believe is an exceptionally exciting sector with long-term potential. The additional steps taken in divesting our food business allows our team to focus more deeply on our core initiatives in AI [artificial intelligence] software solutions, validator operations, plans for tokenization and custodial digital asset management. With recent advisory board additions and the collaboration with Orbit AI, we are also evaluating modular data centres. The food business divestiture also meaningfully streamlines our operations by significant reducing the associated monthly expenses."
The company also announces an update on its legacy business of manufacturing and distributing a line of healthy, gluten-free and allergen-free food products (the food business). The company has not identified a transaction for the food business, but it did retain an independent valuation adviser to assist with preparing an internal valuation of the food business. The valuation has been completed and the board of directors evaluated the valuation as part of the divestiture process. Following a review of valuation and available alternatives, the company has elected to cease operations of the food business. The last day of manufacturing activity will be Dec. 19, 2025. All employees associated with the food business have been terminated, except for two caretaker employees. The company plans to produce and distribute the remaining inventory and then preserve the facility on care and maintenance. The company is evaluating a sale of the equipment and certain intellectual property (including trademarks and trade secret recipes), along with a sublease of the facility. The food business is not material to the company's present operations.
About Intellistake Technologies Corp.
Intellistake Technologies is developing software solutions that leverage decentralized AI and blockchain infrastructure to deliver enterprise-grade intelligence. Through validator operations, strategic participation in digital asset networks and the development of enterprise AI agents, Intellistake seeks to bridge the gap between emerging decentralized technologies and the requirements of public companies, institutions and other regulated entities.
We seek Safe Harbor.
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