STKE · Sol Strategies Inc. Common Shares

Sol Strategies Inc. completed the acquisition of Darklake Labs Pte. Ltd.'s assets on April 14, 2026, securing Zyga, a zero-knowledge proof system natively built for the Solana blockchain. This technology enables private transaction execution directly at the point of execution, specifically designed to eliminate front-running and sandwich attacks—common risks in public blockchain environments. The deal aligns with the company's mission to support the Solana economy through active technology development, as stated by CEO Michael Hubbard, who emphasized privacy's role in bringing global finance on-chain. The founders and core team of Darklake transitioned to Sol Strategies, providing immediate expertise to integrate and deploy Zyga within the company's Solana platform operations. Transaction terms include a total consideration of USD $1.2 million, split between USD $200,000 cash and 1,047,156 common shares valued at USD $1.0 million based on the five trading day volume-weighted average price on the Canadian Securities Exchange ending the day before closing. The shares are locked up for four months per statutory hold period, limiting near-term dilution impact. This acquisition enhances Sol Strategies' technological capabilities in the Solana ecosystem, positioning it to deliver advanced privacy solutions for decentralized applications without affiliation to the Solana Foundation.