Spirit Blockchain Capital Completes Shares for Services Issuance

Spirit Blockchain Capital Inc., a Canadian-based publicly listed company focused on blockchain infrastructure and digital asset opportunities, is pleased to announce that it has completed its previously announced shares for services issuance, originally announced on June 18, 2026.

Pursuant to the transaction, the Company has issued an aggregate of 7,220,000 common shares (the “Shares”) to certain consultants, advisors, and service providers in settlement of outstanding obligations for services previously rendered to the Company. The issuance was completed in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

The transaction represents an aggregate settlement value of approximately $429,527 and forms part of the Company’s ongoing efforts to strengthen its financial position through disciplined capital management. By settling these obligations through the issuance of equity rather than cash, Spirit has reduced current liabilities, preserved working capital, and improved its financial flexibility as it continues to pursue strategic growth initiatives.

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The recipients of the Shares have provided a range of strategic, operational, business development, and advisory services to the Company. Management believes the transaction further aligns the interests of key contributors with those of shareholders by increasing their direct participation in the future success of the Company.

The Shares issued pursuant to the transaction are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

“Completing this transaction is an important step in our ongoing efforts to strengthen the Company’s balance sheet and position Spirit for long-term growth,” said Raymond O’Neill, Interim Chief Executive Officer. “We appreciate the confidence shown by our consultants and advisors who elected to accept equity compensation and become further aligned with our shareholders. With this liability reduction, we remain focused on executing on the strategic priorities established by the Board.”