Supernova Digital - Share capital reduction update

24 July 2024

Supernova Digital Assets PLC

("Supernova" or the "Company")

Share capital reduction update

Supernova (AQSE: SOL), a company specialising in the Solana ecosystem, is pleased to announce that the High Court of England and Wales has confirmed the reduction of the Company's share capital by way of cancellation of its share premium account. Effectiveness of the reduction of capital is conditional on the registration of the court order and statement of capital at Companies House and a further announcement confirming this will be released in due course.

For further information please contact:

About Supernova Digital Assets:

The Company will look to identify investment and business building opportunities in the high growth Solana and crypto currency ecosystem. The Board intends to deploy the majority of the Company's cash resources in the acquisition of minority interests in a number of different, yet to be identified, companies in the broad Solana and crypto currency ecosystem, and to apply expertise to the business operations and strategic plans of these companies. The experience, operational skills and contacts of the Board are intended to act as an accelerator to start-ups and early-stage companies to maximise their profit opportunity. It is anticipated that returns to Shareholders will be delivered through a combination of an appreciation in the Company's share price and through the adoption of a progressive dividend policy. The Company's Directors have an established track record, experience and networks in the crypto currency sector, digital assets management, as well as the media industry to drive value creation.