New Risk • Mar 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.59m). New Risk • Dec 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.60m). New Risk • Dec 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$1.6m). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.3m market cap, or US$13.3m). Tillkännagivande • Sep 09
HYLQ Strategy Corp. announced that it has received CAD 7.999999 million in funding On September 8, 2025, HYLQ Strategy Corp. closed the transaction. The company issued 1,995,979 units at an issue price of CAD 1.50 for gross proceeds of CAD 2,993,968.5 in its final tranche. In total, the company issued an aggregate of 5,333,332 units in first and final tranches for gross proceeds of CAD 7,999,998. In connection with the closing of the offering, the company paid certain eligible persons a cash commission in the amount of CAD 72,720 and issued an aggregate of 48,480 broker warrants. Each broker warrant is exercisable at CAD 1.75 for a period of twenty-four months from the date of issuance. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. New Risk • Aug 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (109% average daily change). Negative equity (-CA$788k). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$35.5m market cap, or US$25.6m). Tillkännagivande • Jul 24
HYLQ Strategy Corp. announced that it expects to receive CAD 8 million in funding HYLQ Strategy Corp. announced a non-brokered private placement financing of up to 5,333,333 units at a price of CAD 1.50 per Unit for gross proceeds of CAD 7,999,999.5 on July 23, 2025. Each Unit is comprised of one common share of the Company and one whole Common Share purchase warrant of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of CAD 1.75 per Common Share for a period of twenty-four (24) months from the date of issuance provided, however, that should the closing price at which the Common Shares trade on the Canadian Securities Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CAD 3.50 for ninety (90) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Board Change • Jun 22
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 16
Tony G Co-Investment Holdings Ltd., Annual General Meeting, Aug 08, 2025 Tony G Co-Investment Holdings Ltd., Annual General Meeting, Aug 08, 2025. Recent Insider Transactions • Jun 13
Executive Chairman recently bought CA$73k worth of stock On the 12th of June, Antanas Guoga bought around 35k shares on-market at roughly CA$2.08 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Antanas has been a net seller over the last 12 months, reducing personal holdings by CA$1.0m. New Risk • Jun 05
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: -CA$610k 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 (-CA$610k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.4m). Earnings have declined by 9.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.83m market cap, or US$4.99m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Board Change • Jun 02
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 05
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.56m). Minor Risk Significant insider selling over the past 3 months (CA$1.1m sold). Board Change • Mar 03
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 07
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 08
Executive Chairman recently sold CA$1.1m worth of stock On the 6th of January, Antanas Guoga sold around 366k shares on-market at roughly CA$3.10 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Antanas has been a net seller over the last 12 months, reducing personal holdings by CA$1.1m. Board Change • Dec 19
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 05
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 02
Tony G Co-Investment Holdings Ltd. announced that it expects to receive CAD 5.16 million in funding Tony G Co-Investment Holdings Ltd. announced a non-brokered private placement that it will issue up to 12,000,000 common shares of the company at an issue price of CAD 0.43 per share for the gross proceeds of up to CAD 5,160,000 on November 1, 2024. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Board Change • Oct 08
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 Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 10
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Corporate Secretary Gediminas Klepackas is the most experienced director on the board, commencing their role in 2021. Independent Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jun 08
Tony G Co-Investment Holdings Ltd., Annual General Meeting, Jun 28, 2024 Tony G Co-Investment Holdings Ltd., Annual General Meeting, Jun 28, 2024. Board Change • Jun 07
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Corporate Secretary Gediminas Klepackas is the most experienced director on the board, commencing their role in 2021. Independent Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 09
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Corporate Secretary Gediminas Klepackas is the most experienced director on the board, commencing their role in 2021. Independent Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 02
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Corporate Secretary Gediminas Klepackas is the most experienced director on the board, commencing their role in 2021. Independent Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 14
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Corporate Secretary Gediminas Klepackas is the most experienced director on the board, commencing their role in 2021. Independent Director Peter Tutlys was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Feb 08
Tony G Co-Investment Holdings Ltd. announced that it expects to receive CAD 2.4 million in funding Tony G Co-Investment Holdings Ltd announced a non-brokered private placement financing of 4,000,000 units at an issue price of CAD 0.60 per unit for the gross proceeds of CAD 2,400,000 on February 7, 2024. Each Unit shall be comprised of one common share and one whole Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.75 per Common Share until the date that is one year from the date of issuance. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. New Risk • Feb 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 76% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m (CA$936 revenue, or US$695). Market cap is less than US$10m (CA$4.62m market cap, or US$3.43m). Board Change • Dec 11
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. 1 experienced director. No highly experienced directors. Independent Director Andrew Parks is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 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. 1 experienced director. No highly experienced directors. Independent Director Andrew Parks is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Nov 09
Tony G Co-Investment Holdings Ltd. Announces CEO Changes Tony G Co-Investment Holdings Ltd. announced that it has appointed Mr. Ron Akram as the Chief Executive Officer, effective the date hereof. Since starting his career in 2001, Ron has held roles as a business operator, investor and trusted advisor to institutions and private clients worldwide. For over two decades, Ron has worked as a global markets banker, financial services consultant and advisor in a variety of structuring and distribution roles originating and completing transactions in new markets and areas of product and platform innovation in complex regulatory and governance environments. This includes serving as an investment advisor and solutions provider and in regulated functions. Ron originally qualified as both a Solicitor in England &Wales as well as an Attorney in New York State. Ron was educated at King's College, London (LL.B), Paris I Panthon-Sorbonne (Matrise in Law) and London Business School (MSc in Finance) where he has also served as a course instructor. Concurrent with Mr. Akram's appointment, Mr. Gediminas Klepackas has resigned as the Chief Executive Officer, however, Mr. Klepackas remains on as a Director and the Corporate Secretary of the Company. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Andrew Parks is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 18
Tony G Co-Investment Holdings Ltd. Elects Peter Tutlys as A New Director Tony G Co-Investment Holdings Ltd. announced that at its annual and special shareholder meeting held on October 16, 2023, Mr. Peter Tutlys has been elected as a new director of the Company. Mr. Tutlys has 30 years' of experience as an innovative and results driven brand and business operations leader gained as an investor, business owner, board member, strategy and marketing leader. Mr. Tutlys hasheld senior marketing roles at Royal Bank of Canada, Norway's largest bank, DNB Bank, and Germany's NORD Landesbank. He has launched many successful Digital client facing brands including Canada's first Digital Electronic Cash Card and Canada's largest online banking system. Currently and since 2014, Mr. Tutlys has been and is the owner and VP Marketing & Sales, Toronto at MarketVest Financial Network, a financial network targeting distressed property owners providing full financial solutions. As President of MarketBanga (SwiftTrade), Peter launched an online day trading company which was sold to a private equity company. Peter has an Economics degree from University of Toronto. Board Change • Sep 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Bruno Macchialii was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 16
Tony G Co-Investment Holdings Ltd., Annual General Meeting, Oct 16, 2023 Tony G Co-Investment Holdings Ltd., Annual General Meeting, Oct 16, 2023. Board Change • Aug 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Bruno Macchialii was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 10
Tony G Co-Investment Holdings Ltd. Announces Board Appointments Tony G Co-Investment Holdings Ltd. announces the resignation of Mr. Gregory Pepin as a director of the Company effective September 8, 2022. Mr. Bruno Macchialii has been appointed as a director of the Company. Mr. Macchialii is a well-known leader in the digital asset space. With his experience and knowledge dealing with financial institutions he is a sought-after advisor across many verticals. He is the former CEO and now external consultant at Delchain Limited, a full-service and licensed financial firm. Bruno joined Delchain on the ground floor and was influential in building the team, structure and products. Creating the first financial institution to offer a one-stop shop solution bridging traditional finance and digital asset solutions. Bruno was instrumental in growing Delchain to be one of the largestdigital asset platforms in the world. Bruno provides unique and relevant value to organizations and has helped raise several millions for multiple companies. He is an advocate of digital assets whose personal contributions have progressed the evolution of finance. Board Change • Jun 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Chairman Tony Guoga was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 26
Tony G Co-Investment Holdings Ltd. Announces CFO Changes Tony G Co-Investment Holdings Ltd. announced the resignation of Douglas Harris as Chief Financial Officer, effective May 20, 2022. Mr. Gediminas Klepackas, the Company's CEO, will act as interim CFO until the position can be filled. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Chairman Tony Guoga was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Executive Chairman Tony Guoga was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.