Mr. Dallas La Porta reports
HYPER BIT TECHNOLOGIES COMPLETES ACQUISITION OF DOGECOIN MINING TECHNOLOGIES
Hyper Bit Technologies Ltd. has completed its previously announced acquisition of Dogecoin Mining Technologies Corp. pursuant to an amended and restated share purchase agreement dated June 22, 2026, entered into among the company, DCMT and the holders of common shares in the capital of DCMT. The A&R SPA replaced and superseded the original share purchase agreement dated Aug. 19, 2025, entered into among the company, DCMT and the DCMT shareholders.
Pursuant to the terms and conditions of the A&R SPA, the company acquired 45,999 DCMT shares. As consideration for the acquisition of the target shares and in accordance with the terms and conditions of the A&R SPA, the company:
- Issued the DCMT shareholders 6,643,214 common shares in the capital of the company at a deemed price of 13.5 cents per consideration share; and
- Agreed that, in the event the company and DCMT have cumulative earnings before interest, taxes, depreciation and amortization greater than $180,000 within the one-year period following the completion of the acquisition, the company will issue the DCMT shareholders additional consideration shares with an aggregate value equal to 4.0 times all cumulative EBITDA generated in excess of $180,000, with such consideration shares to be issued at a price equal to the 20-day volume-weighted average trading price of the common shares in the capital of the company ending on the trading day immediately prior to the date of issuance, up to a maximum of six million additional consideration shares.
The consideration shares are subject to an extended hold period pursuant to which they will be restricted from trading until the date that is the last of: (i) Nov. 3, 2026; (ii) 10 trading days following the date on which the company completes a business acquisition report in connection with its acquisition of DCMT; and (iii) 10 trading days following the date on which the company files a Canadian Securities Exchange-approved Form 5A annual listing summary in accordance with the policies of the CSE.
Concurrently with the closing of the acquisition, the company completed a debt settlement with DCMT pursuant to which DCMT issued the company 15,333 DCMT shares at a deemed price of $32.49 per DCMT share in satisfaction of outstanding debt in the sum of $498,241 owed to the company.
As a result of the completion of the acquisition and the debt settlement, the company now holds 100 per cent of the issued and outstanding DCMT shares, and DCMT is a wholly owned subsidiary of the company.
About Hyper Bit Technologies Ltd.
Hyper Bit is a forward-thinking, diversified technology company specializing in the acquisition, development and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates -- driven by the rise of blockchain, decentralized finance, and increasing institutional and retail adoption -- Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for its stakeholders. Hyper Bit is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
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