New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$161k). Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$14.7m market cap, or US$10.8m). New Risk • Mar 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$161k). Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$26.4m market cap, or US$19.2m). Announcement • Feb 07
GoAT Industries Ltd. to Showcase Betsource-Enrolled BKFC App Experience During KnuckleMania VI GOAT Industries Ltd. announced that BETSource will support the Bare Knuckle Fighting Championship ("BKFC") mobile app ecosystem ahead of KnuckleMania VI, BKFC's most anticipated event to date. It will mark the first major event at which the BKFC App implements BETSource's technology to enhance fan and user experience through improved in-app engagement and attribution capabilities. KnuckleMania VI, to be held at the Xfinity Mobile Arena in Philadelphia, Pennsylvania, on February 7, 2026, is expected to be the largest BKFC fight night to date, reflecting the continued growth of the promotion's live event demand, audience engagement, and digital reach. Founded in Philadelphia, BKFC's return to the city for KnuckleMania VI highlights the organization's evolution from its early roots to hosting large-scale, sold-out events as it continues to expand globally. The event provides a high-visibility environment to demonstrate the enhanced BKFC App experience as fans interact with event-related content before, during, and after the fight night. BKFC's digital distribution continues to scale across a growing mix of broadcast and streaming channels, now including Ballys Sports & Stadium, SportsGrid, and the BKFC YouTube and Fubo Sports Channel. This broader distribution footprint reinforces the importance of the BKFC App ecosystem as a central hub for fan engagement, content interaction, and measurable attribution around major live events. BKFC has continued to expand its presence through increased live attendance, growing media distribution, and a highly engaged global fan base and the BKFC App is a central platform for fan interaction, particularly during major events such as KnuckleMania VI, where digital engagement is expected to peak. GOAT believes that real-world activations tied to large, sold-out live events provide valuable validation for the commercial relevance of BETSource's platform and support the Company's broader strategy of investing in scalable digital media and technology assets. 
