Cypherpunk Holdings Announces Grant and Cancellation of Options

07/05/2024 – 5:00 p.m.

Toronto, Ontario–(Newsfile Corp. – July 5, 2024) – Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (THE “Business“), a Canadian-based portfolio vehicle dedicated to investing in companies, technologies and protocols within the blockchain ecosystem, is pleased to announce that it has granted 3,000,000 stock options to purchase 3,000,000 common shares (each, a “Common stock“) of the Company at the price of $0.115 per common share, expiring July 3, 2029, to certain officers, directors and employees of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the initial grant date.

The Company also announces that it has cancelled an aggregate of 6,900,000 stock options granted to certain officers, directors and employees of the Company as they no longer served their purpose of aligning the interests of the holders with those of shareholders.

About Cypherpunk Holdings Inc.

Cypherpunk Holdings is dedicated to investing in companies, technologies, and protocols within the blockchain ecosystem. With a strategic focus on cryptocurrency and blockchain innovation, the firm leverages its deep industry expertise to identify and support high-potential opportunities in the digital asset space.

Caution regarding forward-looking information:

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statement that is not a historical fact may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, “occur” or “be achieved”.

There can be no assurance that the Company’s plans or objectives will be implemented as set forth herein, or at all. Forward-looking information is based on certain factors and assumptions that the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions as of the date the statements are made and the Company assumes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned not to place undue certainty on forward-looking statements.

Contact of the manager/director:

Doug Harris
Financial director
[email protected]
Tel.: 647-946-1300

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215593

FAQ

What did Cypherpunk Holdings announce on July 5, 2024?

Cypherpunk Holdings announced the grant of 3,000,000 stock options at $0.115 per share and the cancellation of 6,900,000 stock options.

What is the exercise price of the newly granted stock options by Cypherpunk Holdings?

The exercise price of the newly granted stock options is $0.115 per common share.

When do Cypherpunk Holdings’ newly granted stock options expire?

The newly granted stock options expire on July 3, 2029.

Why did Cypherpunk Holdings cancel 6,900,000 stock options?

Cypherpunk Holdings has cancelled 6,900,000 stock options because they no longer aligned the interests of the holders with those of shareholders.

What is the stock symbol for Cypherpunk Holdings on the OTC market?

Cypherpunk Holdings’ stock symbol on the OTC market is CYFRF.