Mr. Joel Arberman reports

MERAKI ACQUISITION ONE, INC. TERMINATES PROPOSED QUALIFYING TRANSACTION

Meraki Acquisition One Inc.'s letter agreement dated July 31, 2025, with Torque Strategy Inc., previously announced on Aug. 1, 2025, as a proposed qualifying transaction, has expired without completion and has been therefore terminated.

The proposed transaction was subject to various conditions, including completion of required financing and regulatory approvals, on or before Dec. 31, 2025. As the parties were unable to satisfy these conditions by the agreed timeline, the binding obligations under the letter agreement have ended, and neither Meraki nor Torque has any further obligations in respect of the proposed transaction.

Meraki continues to evaluate and pursue other acquisition opportunities with a view to completing a qualifying transaction in accordance with the policies of the TSX Venture Exchange and will provide further updates as appropriate.

No deposit or cash advance was made by the company to Torque in connection with the proposed transaction.

Trading in the company's common shares was halted at the request of the company and will resume once the TSX-V has completed its resumption review, if applicable.

About Meraki Acquisition One Inc.

The company has not commenced commercial operations and has no assets other than a minimum amount of cash. Except as specifically contemplated in the TSX-V Policy 2.4 (Capital Pool Companies), until completion of a qualifying transaction, the company will not carry on any business other than the identification and evaluation of assets or businesses with a view to completing a proposed qualifying transaction under the policies of the TSX-V.

We seek Safe Harbor.