Effective at the opening on Tuesday, July 22, 2025, the common shares of the company will commence trading on the TSX Venture Exchange. The company is classified as a data processing, hosting and related services company.

On July 11, 2025, Adrianna Ventures Ltd., an unlisted reporting issuer, and XTAO Inc. completed a merger. Consideration for the merger consisted of the issuance of 27,779,225 resulting issuer shares (which includes the private placement shares referenced below) at a deemed price of $1 (U.S.) per share. In connection with the merger, Adrianna common shares outstanding at the time of the merger were exchanged for an aggregate of 540,000 resulting issuer shares.

Postmerger, the resulting issuer's name was changed to XTAO Inc.

Concurrent with the transaction, the company completed a non-brokered private placement of subscription receipts, which were exchanged for 22,779,225 common shares of the company at an effective price of $1 (U.S.) per share. Agents in connection with the private placements received aggregate cash fees of $355,685.45 (U.S.).

Three million six hundred twenty-five thousand common shares issued to principals pursuant to the merger are subject to a Tier 2 escrow agreement to be released over a 36-month period.

Corporate jurisdiction:  Cayman Islands

Capitalization:  unlimited common shares with no par value, of which 28,319,225 common shares are issued and outstanding

Escrowed shares:  3,625,000 common shares

Transfer agent:  Odyssey Trust Company

Trading symbol:  XTAO.U (new)

Cusip No.:  G9T27M 10 3 (new)

For further information, please refer to the company's filing statement dated June 27, 2025.