Mr. Anthony Zelen reports

NEW WAVE APPOINTS NEW CHIEF EXECUTIVE OFFICER

New Wave Holdings Corp. has appointed Joshua Matettore as chief executive officer (CEO) of the company, effective immediately. Mr. Matettore succeeds Sunny Ray as CEO, following Mr. Ray's resignation from the role, which the company accepted effective today. Mr. Ray will remain a director of the company and will continue to work closely with the company's management team to ensure a successful transition.

Mr. Matettore is a high-conviction CEO, known for building companies that turn emerging technologies into strategic advantage. He leads at moments of inflection -- where markets are undefined, infrastructure is incomplete and timing is everything -- transforming ambiguity into crystalized opportunities. As chair and counsel at 21e8, Mr. Matettore was instrumental in bringing the company from stealth to global deployment across AI (artificial intelligence), cryptography and high performance compute -- driving innovations in decentralized orchestration and AI-native cryptographic indexing, with integrations spanning energy networks, silicon and compute ecosystems.

Previously, Mr. Matettore played a key leadership role at Splunk during its pivot to cloud and AI, supporting growth from $1.3-billion to $2.4-billion and nearly doubling cloud ARR (annual recurring revenue). A United States-admitted attorney and Berkeley Law graduate, he chaired Canada's national ISO delegation for blockchain standards and held an adjunct appointment at the University of British Columbia (UBC), focused on emerging technology policy. He has built ventures across intelligent systems and software, and is recognized for aligning capital, regulation and engineering when the stakes are highest.

About New Wave Holdings Corp.

New Wave Holdings is an investment issuer that has been focused on supporting innovative and fast-growing companies within the e-sports, artificial intelligence, blockchain and Web 3 sectors.