New Risk • May 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$26m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$26m free cash flow). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 24x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$44.8m market cap). 공시 • Mar 10
SRx Health Solutions, Inc. Launches EventHorizonIQ Subscription SRx Health Solutions Inc. and EMJ Crypto Technologies announced the launch of the EventHorizonIQ subscription, a premium offering that brings institutional-grade cross-asset regime intelligence to market participants seeking deeper insights into evolving macro, crypto, and behavioral market regimes. EventHorizonIQ is a cross-asset regime intelligence system that continuously monitors a broad set of quantitative sensors — spanning macroeconomic indicators (e.g., VIX, Treasury yields, Fed policy), crypto-native data (e.g., BTC dominance, stablecoin flows), and behavioral signals — to deliver a real-time classification of market state changes. All regime states are timestamped and recorded to an immutable ledger, providing a verifiable, auditable record of market conditions that is free from edits or retrospective alteration. EventHorizonIQ Subscription Highlights: Comprehensive Sensor Coverage: Subscribers gain expanded access to sophisticated regime signals derived from 22+ sensors covering macro, crypto, and behavioral domains. Immutable Intelligence Ledger: All observed regime states are logged to an uneditable, timestamped ledger — preserving what was recorded, when it was recorded — for independent verification. Proprietary Composite Signals: Premium tiers include advanced composite indicators and numerical scores enabling deeper trend analysis and sector-specific insights. Subscription Tiers for All Users: The free tier provides access to full sensor history and states; the subscription level unlocks enhanced analytics, priority reporting, and customizable alerts. Unlike prediction markets or traditional forecasting tools, EventHorizonIQ is not designed to speculate on future price moves or generate trading recommendations. Instead, the platform focuses on observing, classifying, and recording prevailing market regimes — equipping subscribers with timely diagnostic intelligence to inform risk assessments and capital allocation decisions. 공시 • Feb 21
SRx Health Solutions Announces Receipt of Warning Letter from NYSE American SRx Health Solutions Inc. (the "Company") announced that on February 18, 2026, it received a public warning letter (the "Letter") from the NYSE Regulation Staff of the New York Stock Exchange (the "Exchange") notifying the Company that it failed to comply with Sections 301 and 713 of the NYSE American LLC Company Guide (the "Company Guide"). The Letter relates to the issuance of approximately 7.5 million shares (the "Subject Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), between December 31, 2025 and January 23, 2026, upon conversion of certain shares of the Company's Series A Convertible Preferred Stock, par value $0.001 per share (the "Preferred Shares"). The Preferred Shares were issued pursuant to a Securities Purchase Agreement, dated October 27, 2025, by and among the Company and certain investors (the "Agreement"). The Agreement and the Preferred Shares are described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on October 31, 2025. Specifically, the Letter states that the Company failed to file an application to obtain the Exchange's listing approval for the issuance of additional shares of the Common Stock as required under Section 301 of the Company Guide and failed to obtain stockholder approval of an issuance that exceeded 20% of the Common Stock outstanding, as required under Section 713 of the Company Guide. The Company filed an application to obtain the Exchange's listing approval for the issuance of the Common Stock issuable upon conversion of the Preferred Shares on December 12, 2025. At the time of such filing, the conditions precedent to the conversion of the Preferred Shares under the Agreement had not been met and no shares of Common Stock had been issued in connection therewith. The Company obtained stockholder approval of the issuance of the Preferred Shares, and the issuance of the Common Stock upon the conversion thereof, including the potential for such issuance to exceed 20% of the Common Stock then-outstanding, by written consent of the stockholders on October 8, 2025. Such stockholder actions taken by written consent are described in the Company's Definitive Schedule 14C filed with the SEC on October 20, 2025. The Exchange has advised the Company that such stockholder approval was deficient under the Exchange's unpublished internal guidance on generic proxy proposals, which led to the violations set in the Letter. As of the date of this Current Report, all of the Preferred Shares have been either converted into Common Stock or redeemed by the Company, and no Preferred Shares are outstanding. Such redemption of Preferred Shares is described in the Company's Current Report on Form 8-K filed with the SEC on February 12, 2026. New Risk • Feb 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$17m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$17m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (US$4.07m market cap). 공시 • Dec 17
EMJ Crypto Technologies entered into a definitive agreement to acquire SRx Health Solutions Inc. (NYSEAM:SRXH) in a reverse merger transaction. EMJ Crypto Technologies entered into a definitive agreement to acquire SRx Health Solutions Inc. (NYSEAM:SRXH) in a reverse merger transaction on December 16, 2025. Upon completion of the transaction, Eric M. Jackson, Founder and Chief Executive Officer of EMJ Crypto Technologies, is expected to serve as Chief Executive Officer and Chairman of the combined company. Following completion, the combined company expects to operate under the EMJX name and intends to pursue a ticker symbol change, subject to exchange approval. Until closing, SRx Health shares will continue to trade on NYSE American under the symbol SRXH.
The transaction is subject to approval by SRx Health Solutions shareholders. The deal has been unanimously approved by the SRx Health Solutions board. The transaction is expected to complete during the first quarter of 2026. Louis Lombardo of Meister Seelig & Fein LLP acted as legal advisor to SRx Health Solutions and Matt McLeod of Dickinson Wright PLLC acted as legal advisor to EMJ CRYPTO TECHNOLOGIES INC. Reported Earnings • Dec 08
Full year 2025 earnings released: US$0.41 loss per share (vs US$3.50 loss in FY 2024) Full year 2025 results: US$0.41 loss per share (improved from US$3.50 loss in FY 2024). Revenue: US$6.53m (down 96% from FY 2024). Net loss: US$8.64m (loss narrowed 80% from FY 2024). Board Change • Dec 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO, President & Director Kent Cunningham is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Nov 10
SRx Health Solutions, Inc. Appoints Sammy Dorf to Board of Directors SRx Health Solutions Inc. announced the appointment of Sammy Dorf, Esq. to its Board of Directors. Sammy is a pioneering force in the modern cannabis economy and one of the industry’s most accomplished dealmakers, strategists, and growth architects. Most recently serving as Executive Chairman of Flora Growth Corp., Sammy guided the company through a transformative phase marked by innovation, disciplined expansion, and a strategic transition into a crypto treasury company. With nearly a decade of leadership at the intersection of cannabis, capital markets, and strategic development, Sammy brings an unmatched combination of legal expertise, entrepreneurial insight, and operational execution. His career has been defined by his ability to envision and deliver large-scale growth initiatives that balance community engagement, regulatory excellence, and brand innovation. 공시 • Oct 18
SRx Health Solutions Received NYSE American Notification Letter Regarding Stockholders’ Equity Deficiency SRx Health Solutions Inc. announced it received a notice from the staff of NYSE American LLC (the “Exchange”) that the Company was not in compliance with the Exchange’s continued listing standards under Section 1003(a)(ii) of the NYSE American Company Guide. Section 1003(a)(ii) requires a listed company to have stockholders’ equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. SRx Health is subject to the procedures and requirements of Section 1009 of the Company Guide. The Company has until November 13, 2025, to submit a plan (the “Plan”) of actions it has taken or will take to regain compliance with the Exchange’s continued listing standards by July 14, 2026 (“Plan Period Deadline”). Receipt of the notice from the Exchange has no immediate effect on the listing or trading of SRx Health’s common stock on the Exchange, and does not affect business, operations or reporting requirements with the U.S. Securities and Exchange Commission. 공시 • Oct 01
SRx Health Solutions Inc. Appoints Joshua Epstein to Board of Directors and Compensation Committee SRx Health Solutions Inc. on October 1, 2025 announced the appointment of Joshua Epstein to the Board of Directors and Compensation Committee. 공시 • Aug 15
SRx Health Solutions Inc. announced delayed 10-Q filing On 08/14/2025, SRx Health Solutions Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Jul 09
SRx Health Solutions Inc. announced that it expects to receive $57.3 million in funding SRx Health Solutions Inc. announced a private placement to issue convertible note for gross proceeds of $7,300,000 and entered into a equity line of credit to issue common shares for gross proceeds of $50,000,000 for aggregate gross proceeds of $57,300,000 on July 8, 2025. The transaction is led by insiders and existing investors.
On the same date, the company issued convertible notes for gross proceeds of $7,300,000. 공시 • Jun 14
SRx Health Solutions Inc. Announces Management and Board Changes On June 10, 2025, SRx Health Solutions Inc. accepted the voluntary resignation of Davender Sohi as the President of the Company, effective immediately. His resignation is not the result of any dispute or disagreement with the Company on any matters relating to the Company’s financial statements, internal controls, operations, policies, or practices. On June 11, 2025, the Company announced that Kent Cunningham, 54, current Chief Executive Officer, has been appointed as President of the Company and Lionel Conacher, 62, current Board member, has been appointed as Chairman of the Board, in each case effective June 11, 2025. Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman Lionel Conacher was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.