Mr. Paul Kania reports

SOL GLOBAL ANNOUNCES $1M USD STRATEGIC INVESTMENT INTO MCQUEEN LABS INC. ("MCQ MARKETS") FOR DIGITAL TOKENIZATION OF INVESTMENT-GRADE COLLECTOR CARS

SOL Global Investments Corp. has proposed a securities purchase agreement with McQueen Labs Inc., a privately held corporation existing under the laws of the State of Delaware, which is expected to close on or around May 15, 2025.

Pursuant to the terms of the agreement, the company is expected to receive convertible debentures of MCQ Markets in the aggregate principal amount of $1-million (U.S.) (approximately $1,385,700 (Canadian)). The agreement was signed May 8, 2025. Each convertible debenture will be convertible into shares of common stock in the capital of MCQ Markets, subject to the terms and conditions set forth in the debentures.

As consideration for the note financing, the company will issue an aggregate of approximately 11,547,500 common shares in the capital of the company at a deemed price of 12 cents per common share to MCQ Markets as full consideration for the debentures issued in connection with the note financing.

In connection with the note financing, the full principal amount of the debentures will automatically convert into MCQ shares on the fifth trading day following the completion of either: (i) an initial public offering of MCQ Market's securities for gross proceeds of at least $5-million (U.S.) and listing on a recognized stock exchange; or (ii) a going-public transaction, including a direct listing, reverse takeover or merger with a special-purpose acquisition company. The debentures are expected to convert at a price per MCQ share equal to the lower of: (a) a price based on a valuation of $54-million (U.S.); and (b) 20 per cent of the volume-weighted average trading price of the MCQ shares over the five trading days following such a qualified offering or qualified event. The MCQ shares issued upon conversion will carry the same rights and preferences, if any, as those issued in connection with the applicable qualified offering or qualified event. The company shall effect such conversions by delivering to MCQ markets a notice of conversion, specifying the outstanding principal amount of the debentures to be converted and the effective date of such conversion.

In addition to the debentures, the company will also receive 1,000 shares of Series F convertible preferred stock of MCQ Markets, each with a par value of 0.1 U.S. cent. The Series F preferred share will be convertible into MCQ shares at the valuation cap and may be converted at any time for a period of 36 months following the completion of a qualified event.

In addition, trading of such common shares will be subject to certain resale restrictions, including a limitation that no more than 20 per cent of the daily trading volume of the company's common shares on the Canadian Securities Exchange may be sold by MCQ Markets on any trading day.

The closing of the agreement and the issuance of common shares remain subject to the approval of the Canadian Securities Exchange.

MCQ Markets bridges the gap between passion and smart investing. MCQ offers fractional ownership in investment-grade collector cars, making it possible for anyone to own a share of some of the world's most sought-after vehicles without needing millions in capital or a garage big enough to house them.

"This investment in MCQ Markets highlights the innovative potential of tokenization, breaking down barriers traditionally associated with luxury ownership and transforming the collector car industry for a new generation of investors," said Paul Kania, interim chief executive officer and chief financial officer of SOL Global.

Chief executive officer of MCQ Markets Curt Hopkins shared, "By deepening our partnership with SOL Global, we are at the vanguard of RWA tokenization to bring new financial products to market to meet the increasing demand from investors seeking to diversify their portfolios."

About SOL Global Investments Corp.

SOL Global is pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation and investments in early-stage ventures being built on Solana.

We seek Safe Harbor.