Mr. George Wentworth reports

DELPHX PROVIDES SHAREHOLDER UPDATE ON QUANTEM CRYPTO SECURITIES (QCS) HEDGING PROGRAM

Delphx Capital Markets Inc. has provided an update to shareholders regarding the continued advancement and market engagement of its Quantem crypto securities fully collateralized hedging solution.

Since the launch of QCS marketing efforts in mid-September, 2025, bitcoin (BTC) has moved from trading above $115,000 (U.S.) to current levels below $90,000 (U.S.) as reported in Bitcoin Magazine, Sept. 15, 2025, and The Economic Times, Nov. 17, 2025. This underscores the importance of institutional-grade hedging tools in the digital asset sector, as noted by the International Swaps and Derivatives Association, Crypto-asset Risks and Hedging Analysis, May 1, 2022. QCS was specifically engineered to address this need by providing a fully collateralized, transparent and structured mechanism for mitigating volatility and protecting treasury assets.

Delphx is also pleased to confirm that a U.S. primary dealer is evaluating a possible proof-of-concept collaboration aimed at deploying QCS within the dealer's existing digital-asset infrastructure. In addition to dealer interest, multiple digital-asset treasuries continue to conduct due diligence and scenario testing on the QCS hedge program. Implementation would represent a major step toward full commercialization of the QCS platform. There can, however, be no assurance that such implementation will occur. The company looks forward to providing further updates.

It is noted that the crypto market is high risk and subject to significant volatility. Delphx wishes to remind shareholders of the critical role a fully collateralized hedging solution plays in the evolving crypto asset landscape. As institutional adoption accelerates, sophisticated risk management tools such as QCS offer meaningful advantages in volatility control, capital preservation and competitive positioning for digital-asset treasuries, asset managers and corporate holders.

About Delphx Capital Markets Inc.

Delphx is a technology and financial service company focused on developing and distributing the next generation of structured products. Through its special-purpose vehicle Quantem LLC, the company enables broker dealers to offer new private placement securities that provide for both fixed-income and cryptocurrency solutions. The new Delphx securities will enable dealers and their qualified institutional buyer accounts to competitively structure, sell and make markets in:

• Collateralized put options that provide secured rating downgrade protection for underlying corporate bonds and/or protection from losses in cryptocurrency holdings; and
• Collateralized reference notes that enable investors to take on a capped rating downgrade and/or cryptocurrency loss exposure of an underlying security or cryptocurrency in exchange for attractive returns.

All CPOs and CRNs are fully collateralized and held in custody by U.S. Bank. These instruments are proprietary products created and owned by Delphx Capital Markets.

We seek Safe Harbor.