Mr. Joshua Snyder reports

MERCER PARK OPPORTUNITIES CORP. ANNOUNCES PROPOSED TERMINATION OF AGREEMENT WITH CUBE GROUP, INC., PURSUIT OF OTHER OPPORTUNITIES AND REDEMPTIONS

Mercer Park Opportunities Corp. has given notice of termination of the transaction agreement dated Oct. 21, 2025, with, among others, Cube Group Inc. Mercer Park has given Cube until 8 a.m. Toronto time on April 22, 2026, to cure certain matters, failing which it has advised that the transaction agreement will be terminated. Mercer Park does not expect these matters to be cured by Cube.

Meanwhile, Mercer Park is exploring other potential qualifying acquisition opportunities in the digital asset infrastructure space. There can be no assurance that a qualifying acquisition will be able to be completed.

Mercer Park also announced today that the holders of 19,784,822 of its Class A restricted voting shares have given notice of redemption of such shares. Redemptions may be withdrawn prior to 5 p.m. Toronto time on April 21, 2026.

At this time, assuming that the holders of Mercer Park's Class A restricted voting shares approve the extension of the permitted timeline for Mercer Park to complete a qualifying acquisition at the upcoming meeting of holders of its Class A restricted voting shares on April 14, 2026, Mercer Park expects to continue to seek to complete a qualifying acquisition until Aug. 22, 2026 (subject to any further potential extension).

About Mercer Park Opportunities Corp.

Mercer Park is a special-purpose acquisition corporation incorporated under the laws of the Cayman Islands for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization or any other similar business combination involving the corporation.