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Vancouver, BC, June 18, 2026 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (CSE: SPIR) (“Spirit” or the “Company”), a Canadian-based publicly listed company focused on blockchain infrastructure and digital asset opportunities, is pleased to announce that its Board of Directors has approved the issuance of common shares to certain consultants and strategic advisors in recognition of services provided to the Company.
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Pursuant to the shares for services arrangements, the Company will issue an aggregate of 7,220,000 common shares (the “Shares”) at a deemed average price of $0.0595 per Share, representing an aggregate value of $429,527. By settling these service obligations through the issuance of equity rather than cash, the Company significantly reduces its outstanding current liabilities, preserves its cash reserves, and strengthens its overall balance sheet position.
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The issuance recognizes the continued contributions of individuals who have provided strategic, operational, marketing, business development, and advisory services to the Company and who have demonstrated their confidence in Spirit’s long-term vision by electing to accept equity as compensation. Furthermore, management notes that both this share settlement and the Company’s recent financing initiatives strongly reflect a deep and renewed stakeholder confidence in Spirit’s strategic direction since the recent change in management took place.
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“Our focus has been on strengthening the foundation of the business while positioning Spirit for long-term growth,” said Raymond O’Neill, Interim Chief Executive Officer. “The continued support we’ve received from our advisors, consultants, and strategic partners has been invaluable. Their willingness to accept equity reflects a shared belief in the future of the Company and creates even stronger alignment with our shareholders as we continue to execute on our strategy. Crucially, this capital-efficient approach allows us to eliminate short-term liabilities without depleting our working capital, directly improving our balance sheet health and giving us greater financial flexibility to pursue high-growth opportunities. The strong participation in our recent financial milestones underscores that our partners and investors are fully aligned with the vision of our new leadership team.”
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The shares for services issuances are intended to further align the interests of key contributors with those of Spirit’s shareholders while supporting the Company’s ongoing strategic and operational initiatives.
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As part of its ongoing transformation, the Company continues to advance initiatives focused on the commercialization and monetization of its technology assets. Management remains focused on pursuing revenue-generating opportunities that leverage the Company’s existing technology infrastructure and intellectual property while maintaining disciplined capital allocation and operational execution.
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The Shares will be issued pursuant to applicable securities law exemptions and remain subject to the policies of the Canadian Securities Exchange. All securities issued pursuant to the transaction will be subject to the applicable statutory hold period of four months and one day in accordance with applicable securities laws.
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About Spirit Blockchain Capital
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Spirit Blockchain Capital Inc. is a Canadian-based publicly listed company focused on providing shareholders with exposure to the blockchain and digital asset economy. The Company holds a diversified portfolio of digital assets and invests in emerging blockchain ventures while developing proprietary yield-generation platforms.
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