Early Warning News Release of Jason T. Nguyen

Jason T. Nguyen, based in Vancouver, has filed an early warning report concerning his updated security holdings in Vext Science, Inc. (the "Issuer"), headquartered in Phoenix, Arizona. As of December 24, 2025, Nguyen entered into two Share Purchase Agreements that facilitated the sale of 20,340 Class A common shares known as Multiple Voting Shares. Under the terms of the agreements, these shares were converted into Subordinate Voting Shares as per the Issuer's articles. Each Multiple Voting Share is convertible into 100 Subordinate Voting Shares.

This transaction, which took effect on December 31, 2025, involved the 20,340 Multiple Voting Shares representing 3.0% of all issued and outstanding Multiple Voting Shares and approximately 1.1% of outstanding Subordinate Voting Shares post-conversion. Before the transaction, Nguyen held 493,261 Multiple Voting Shares and 1,425,300 Subordinate Voting Shares along with options for an additional 100,000 shares. This portfolio accounted for about 73.3% of the Multiple Voting Shares and 20.52% of the Subordinate Voting Shares on a partially diluted basis.

Following the transaction, Nguyen's holdings were adjusted to reflect ownership of 473,291 Multiple Voting Shares and 1,425,300 Subordinate Voting Shares, alongside the same number of options. This represented approximately 72.5% and 19.7% of the respective shares. He received US$305,100 from the transaction, which is designated for repaying a promissory note owed to the Company. Nguyen stated he currently has no plans to further dispose of or acquire additional securities apart from participating in long-term incentive plans but may engage in future transactions based on market conditions. This report fulfills the early warning obligations under relevant regulations and a detailed report is available on the Issuer’s SEDAR+ profile.

The recent early warning news release by Jason T. Nguyen regarding his holdings in Vext Science, Inc. presents a layered scenario for potential investors and stakeholders in the company. Nguyen has reduced his stake slightly by selling 20,340 Class A common shares—or Multiple Voting Shares—representing 3% of their class and approximately 1.1% of Subordinate Voting Shares after conversion. Despite this reduction, he still maintains a substantial control of approximately 72.5% of the Multiple Voting Shares and 19.7% of the Subordinate Voting Shares on a fully diluted basis.

The fact that Nguyen's transaction provided proceeds of $305,100 as a repayment of a promissory note to the company raises questions about the company’s liquidity and financial strategies. It indicates a move to strengthen the balance sheet, a positive signal for investors regarding financial management. However, it's also essential to note that Nguyen does not intend to dispose of further securities in the short term. This aligns with long-term incentive plans, hinting at his continued commitment to the company.

From a market perspective, this release signals relative stability in Nguyen’s holdings—though a slight dilution of control exists, the significant ownership percentages suggest a steady hand at the company's helm. Analysts should consider the potential for further financing activities Nguyen hinted at, as well as macroeconomic conditions influencing the industry.

With Nguyen's commanding position, the immediate outlook for Vext Science could be seen as stable, yet investors should remain alert to any future actions he might take to either dilute his position further or potentially inject capital. Given the dynamic nature of the market, a cautious but observant approach is advised when considering investments in Vext Science, balancing stability with the potential for growth and strategic shifts.