Recent Insider Transactions • Jul 03
Insider recently bought CA$171k worth of stock On the 1st of July, Antanas Guoga bought around 75k shares on-market at roughly CA$2.28 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$383k. Insiders have collectively bought CA$7.1b more in shares than they have sold in the last 12 months. New Risk • Jun 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$2.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 80% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Significant insider selling over the past 3 months (CA$2.1m sold). Market cap is less than US$100m (CA$61.1m market cap, or US$43.5m). Announcement • Jun 03
Sol Strategies Inc. (CNSX:HODL) completed the acquisition of HoudiniSwap LLC from Louis M. Goldberg. Sol Strategies Inc. (CNSX:HODL) entered into a definitive agreement to acquire HoudiniSwap LLC from Louis M. Goldberg for $27.4 million on May 1, 2026. The purchase price for the Acquisition is $18 million, comprised of $8.25 million in cash (with $7.0 million payable on closing and $1.25 million paid over the 18 months following closing), a $5.75 million six-month promissory note, and $4 million in shares, to be valued based on a 90-day VWAP ending prior to the closing date for the acquisition, resulting in 2,812,301 common shares issued at closing, and $0.1 million in common share purchase warrants, exercisable for a period of two years at a 25% premium to the market price. The acquisition also includes a two-year earn out of up to $10 million, based on a $2.5 million annual EBITDA hurdle. In case of termination, Sol Strategies Inc. will pay $1 million.
For the period ending December 31, 2025, HoudiniSwap LLC reported total revenue of $13 million.
The acquisition remains subject to customary closing conditions, including the approval of Canadian Securities Exchange, and closing is expected to occur on or before May 29, 2026.
A.G.P./Alliance Global Partners acted as acquisition advisor to Sol Strategies Inc. and will receive a $500,000 fee upon closing of the acquisition. Fasken LLP and Troutman Pepper Locke LLP acted as legal advisors to Sol Strategies Inc. Canaccord Genuity Corp. acted as financial advisor, and Goodmans LLP acted as legal advisor to HoudiniSwap LLC and Louis M. Goldberg. Canaccord Genuity Corp. will receive $100,000 in common share purchase warrants exercisable for a period of two years.
Sol Strategies Inc. (CNSX:HODL) completed the acquisition of HoudiniSwap LLC from Louis M. Goldberg on June 2, 2026. 
