Subject: Jackpot Digital Inc. - News Release
Word Document
File: '\\swfile\EmailIn\20260526 164813 Attachment JJ NR ConvDeb Finaning C2.1M at 0.06 Extension May 26 2026.docx'
Jackpot Digital Inc.
Page 2 - News Release
May 26, 2026
Jackpot Digital Inc.
Suite 575, 510 Burrard Street
Vancouver, BC V6C 3A8
Tel: (604) 681-0204 Fax: (604) 681-9428
www.jackpotdigital.com info@jackpotdigital.com
Jackpot Digital Inc.
Suite 575, 510 Burrard Street
Vancouver, BC V6C 3A8
Tel: (604) 681-0204 Fax: (604) 681-9428
www.jackpotdigital.com info@jackpotdigital.com
NEWS RELEASE
JACKPOT DIGITAL ANNOUNCES EXTENSION OF
CONVERTIBLE DEBENTURE FINANCING
Vancouver, British Columbia. May 26, 2026 - Jackpot Digital Inc. (the "Company" or "Jackpot") (TSX-V: JJ) (US OTCQB: JPOTF) (Frankfurt Exchange: LVH3) announces that further to its news release dated April 7, 2026, the Company expects to close the proposed convertible debenture financing by June 5, 2026.
Early Warning Report
Mr. Lyle Berman, through his revocable trust, (the "Acquiror"), advised that on May 26, 2026 (the "Effective Date), he has acquired securities of the Company through the conversion of certain convertible debentures. Prior to the Effective Date, the Acquiror had beneficial ownership, or exercised control or direction, both directly and indirectly over: (i) 46,818,828 Common Shares; (ii) 38,426,628 Warrants entitling him to acquire 38,426,628 Common Shares at $0.10 per Common Share iii) convertible debentures of $696,750 entitling him to acquire 9,290,000 common shares at $0.075 per share and iv) Notes in the amount of $2,000,001. These holdings represented approximately 15.82% of the then outstanding Common Shares of the Company and 17.74% of the outstanding warrants on an undiluted basis. Following the conversion of certain convertible debentures, the Acquiror has beneficial ownership or exercises direction or control over, directly and indirectly over: (i) 56,108,828 Common Shares; (ii) 38,426,628 Warrants; and (iii) Notes in the amount of $2,000,001. His aggregate holdings now represent approximately 18.38% of the outstanding common shares of the Company, and 17.74% of the outstanding warrants of the Company.
The Acquiror may acquire further common shares of, or dispose his holdings of common shares of, Jackpot through the conversion of convertible debentures, exercise of warrants or through the market, privately or otherwise, as circumstances or market conditions warrant.
This news release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and relates to the Acquiror and the Company, whose head office is located at 575 - 510 Burrard Street, Vancouver, British Columbia, V6C 3A8 Canada. A copy of the Early Warning Report can be obtained at www.sedarplus.ca under the Company's profile, or by contacting Matthew Schofield at ms@bermancc.com.
About Jackpot Digital Inc.
A positive disruptor in the casino business, Jackpot Digital Inc. is the leading provider of electronic poker table games, offering innovative gaming solutions to casinos worldwide. The Company specializes in the development and deployment of dealerless multiplayer electronic poker ETGs, providing operators with efficient, cost-effective, and revenue-generating alternatives to traditional live-dealer table games. Jackpot Digital is committed to enhancing the player experience and helping operators optimize their gaming offerings.
For more information on the Company, please contact Jake H. Kalpakian, President and CEO, at (604) 681-0204 ext. 6105, or visit the Company's website at www.jackpotdigital.com.
On behalf of the Board of Jackpot Digital Inc.
"Jake H. Kalpakian"_________
Jake H. Kalpakian
President & CEO
Trading in the securities of the Company should be considered speculative.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements contained herein are "forward-looking". Forward-looking statements may include, among others, statements regarding Jackpot's future plans, the obtaining of customary regulatory approvals, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as "may", "would", "could", "will", "likely", "enable", "feel", "seek", "project", "predict", "potential", "should", "might", "objective", "believe", "expects", "propose", "anticipate", "intend", "plan", "plans" "estimate", and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, projections, and estimations, there can be no assurance that these assumptions, projections, or estimations are accurate. Readers, shareholders, and investors are therefore cautioned not to place reliance on any forward-looking statements as the plans, assumptions, intentions, or expectations upon which they are based might not occur.
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