Solid Impact Investments — Interim / Quarterly Report 2026

Apr 10, 2026

Solid Impact Investments Corp.

CONDENSED INTERIM FINANCIAL STATEMENTS

For the Nine Months Ended February 28, 2026

(Unaudited)

(EXPRESSED IN CANADIAN DOLLARS)

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NOTICE TO READER

Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the condensed consolidated interim financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

The Company's independent auditors have not audited, reviewed or otherwise attempted to verify the accuracy or completeness of these condensed consolidated interim financial statements. Readers are cautioned that these statements may not be appropriate for their intended purposes.

April 10, 2026

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Solid Impact Investments Corp.

Condensed Interim Statements of Financial Position

(Expressed in Canadian Dollars)
(Unaudited)

| | Note | February
28, 2026 | May 31,
2025 |
| --- | --- | --- | --- |
| Assets | | | |
| Current assets | | | |
| Cash and cash equivalents | | $ 59,012 | $ 91,134 |
| Receivables | | - | 11,234 |
| Total assets | | $ 59,012 | $ 102,368 |
| Liabilities and Shareholders’ Equity | | | |
| Current liabilities | | | |
| Accounts Payable | | $ 5,820 | $ 2,842 |
| Accrued liabilities | 6 | 3,050 | 22,407 |
| | | 8,870 | 25,249 |
| Shareholders’ Equity | | | |
| Share capital | 3 | 377,420 | 377,420 |
| Reserve | 3 | 64,729 | 64,729 |
| Accumulated deficit | | (392,007) | (365,030) |
| Total shareholders’ Equity | | 50,142 | 77,119 |
| Total liabilities and shareholders’ Equity | | $ 59,012 | $ 102,368 |

Going concern (Note 1)

These financial statements were approved for issue by the Board of Directors on April 10, 2026 and signed on its behalf by:

“Itamar David”
Director

“Meghan Brown”
Director

The accompanying notes are an integral part of these condensed interim financial statements

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Solid Impact Investments Corp.

Condensed Interim Statement of Loss and Comprehensive Loss

(Expressed in Canadian Dollars)

(Unaudited)

For the	Three months ended February 28			Nine months ended February 28
	Notes	2026	2025	2026	2025
Expenses (Income)
Professional fees	6	$ 4,368	$ 15,454	$ 15,628	$ 51,645
Interest income		82	(705)	(970)	(6,087)
Filing and other fees		6,742	8,447	12,112	11,833
Bank Charges		69	72	207	213
Total expenses		11,261	23,268	26,977	57,654
Loss and Comprehensive loss		$ 11,261	$ 23,268	$ 26,977	$ 57,654
Basic and diluted loss per common share		$ (0.002)	$ (0.004)	$ (0.005)	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted		5,600,000	5,600,000	5,600,000	5,600,000

The accompanying notes are an integral part of these condensed interim financial statements.

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Solid Impact Investments Corp.
Condensed Interim Statements of Changes in Shareholders' Equity
(Expressed in Canadian Dollars)
(Unaudited)

	Share Capital		Reserve	Deficit	Total Shareholders' Equity
	Number of Shares	Amount
Balance, May 31, 2024	5,600,000	$ 377,420	$ 64,729	$ (296,955)	$ 145,194
Net loss and comprehensive loss for the period	-	-	-	(57,654)	(57,654)
Balance, February 28, 2025	5,600,000	$ 377,420	$ 64,729	$ (354,609)	$ 87,540
Balance, May 31, 2025	5,600,000	$ 377,420	$ 64,729	(365,030)	$ 77,119
Net Loss and comprehensive loss for the period	-	-	-	(26,977)	(26,977)
Balance, February 28, 2026	5,600,000	$ 377,420	$ 64,729	(392,007)	$ 50,142

The accompanying notes are an integral part of these condensed interim financial statements.

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Solid Impact Investments Corp.

Condensed Interim Statements of Cash Flow

(Expressed in Canadian Dollars)

(Unaudited)

	Nine Months ended February 28, 2026	Nine Months ended February 28, 2025
Cash flows from operating activities
Loss for the period	$ (26,977)	$ (57,654)
Change in non-cash working capital items
Receivables	11,234	(502)
Accounts payable and accrued liabilities	(16,379)	(6,411)
Net cash used in operating activities	(32,122)	(51,996)
Decrease in cash	(32,122)	(64,567)
Cash, beginning	91,134	164,394
Cash, ending	$ 59,012	99,827
Cash and cash equivalents are comprised of:
Cash	$ 59,012	$ 9,827
Redeemable Short Term GIC investment	-	90,000
	$ 59,012	$ 99,827

The accompanying notes are an integral part of these condensed interim financial statements.

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Solid Impact Investments Corp.
Notes to the Condensed Interim Financial Statements
For the Nine Months Ended February 28, 2026
(Expressed in Canadian Dollars)
(Unaudited)

NOTE 1 – NATURE OF OPERATIONS AND GOING CONCERN

Solid Impact Investments Corp. (the "Company") was incorporated on March 15, 2021 under the Business Corporations Act (British Columbia). The Company is a capital pool company (“CPC”) as defined in TSX Venture Exchange (“TSX-V”) Policy 2.4, The principal business of the Company is the identification and evaluation of assets or business with a view to potentially acquire them or an interest therein by an option or any concurrent transaction (“Qualifying Transaction”). The purpose of such acquisition is to satisfy the related conditions of a Qualifying Transaction under the policies of TSX-V.

On April 12, 2022, the Company announced the completion of its initial public offering (the “IPO”) of 3,000,000 common shares at the price of $0.10 per common share. The common shares of the Company commenced trading on April 14, 2022 under the trading symbol SOLI.P. The head office, principal address and registered office of the Company are located at Suite 501-3292 Production Way, Burnaby, Canada.

The Company has incurred losses since inception and has an accumulated deficit of $392,077 as at February 28, 2026. The Company’s ability to continue its operations and to realize its assets at their carrying values is dependent upon finding and completing a Qualifying Transaction, obtaining additional financing or maintaining continued support from its shareholders and creditors and generating profitable operations in the future. Although these financial statements have been prepared and presented on a going concern basis, the factors outlined above indicate the existence of a material uncertainty that my cast significant doubt about the ability of the Company to continue as a going concern, in which case this basis of presentation will not be appropriate. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying financial statements and such adjustments could be material.

NOTE 2 – STATEMENT OF COMPLIANCE AND SIGNIFICANT ACCOUNTING POLICIES

Statement of compliance

These condensed interim financial statements, including the comparative statements, have been prepared in accordance with International Accounting Standards (“IAS”) 34, Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”). IFRS comprises IFRSs, International Accounting Standards (“IAS”), and interpretations issued by the IFRS Interpretations Committee (“IFRIC”). These condensed interim financial statements have been prepared in accordance with IFRS standards and interpretations effective as of February 28, 2026.

Basis of presentation

These condensed interim financial statements have been prepared on a historical cost basis, except for financial instruments classified as financial instruments at fair value through profit and loss, which are stated at their fair value. In addition, these financial statements have been prepared using the accrual basis of accounting, except for cash flow information.

Share capital

Equity instruments are contracts that give a residual interest in the net assets of the Company. Financial instruments issued by the Company are classified as equity only to the extent that they do not meet the

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Solid Impact Investments Corp.
Notes to the Condensed Interim Financial Statements
For the Nine Months Ended February 28, 2026
(Expressed in Canadian Dollars)
(Unaudited)

NOTE 2 – STATEMENT OF COMPLIANCE AND SIGNIFICANT ACCOUNTING POLICIES (continued)

definition of a financial liability or financial asset. The Company’s common shares are classified as equity instruments.

Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Significant accounting estimates and judgements

The preparation of the financial statements in conformity with IFRS requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported revenues and expenses during the year. Although management uses historical experience and its best knowledge of the amount, events or actions to form the basis for judgments and estimates, actual results may differ from these estimates.

a) Estimates

The most significant accounts that require estimates as the basis for determining the stated amounts are as follows:

Deferred income tax

The Company recognizes the deferred tax benefit of deferred tax assets to the extent their recovery is probable. Assessing the recoverability of deferred tax assets requires management to make significant estimates of future taxable profit. In addition, future changes in tax laws could limit the ability of the Company to obtain tax deductions from deferred tax assets.

b) Judgements

Critical judgments exercised in applying accounting policies that have the most significant effect on the amounts recognized in the financial statements are as follows:

Going Concern

The assumption that the Company is a going concern and will continue in operation for the foreseeable future and at least one year.

NOTE 3 – SHARE CAPITAL

Authorized share capital

Unlimited number of common shares without par value.

Issued share capital

The Company has 5,600,000 common shares issued and outstanding as at February 28, 2026 (February 28, 2025 – 5,600,000).

Stock Options

As at February 28, 2026, the Company has the following stock options outstanding:

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Solid Impact Investments Corp.
Notes to the Condensed Interim Financial Statements
For the Nine Months Ended February 28, 2026
(Expressed in Canadian Dollars)
(Unaudited)

NOTE 3 – SHARE CAPITAL (continued)

	Number of Stock options	Weighted average exercise price $
Outstanding, May 31, 2025	560,000	0.10
Issued	-	-
Outstanding, February 28, 2026	560,000	0.10
Exercisable, February 28, 2026	560,000	0.10
Expiry date	Options outstanding	Weighted average remaining contractual life (in years)
---	---	---
April 12, 2027	560,000	1.12

The Company adopted a stock option plan providing for the grant to the Company’s officers, directors, employees and permitted consultants and management company employees of options to purchase common shares of the Company. Under the Stock Option Plan, the Company may grant options to purchase up to 10% of the issued and outstanding shares of the Company.

Warrants

As at February 28, 2026, the Company has the following warrants outstanding:

	Number of Warrants	Weighted average exercise price $
Outstanding, May 31, 2025	300,000	0.10
Issued	-	-
Outstanding, February 28, 2026	300,000	0.10

During the year ended May 31, 2022, in relation to the 3,000,000 common shares issued, the Company issued 300,000 agent warrants at a price of $0.10 per share for a period of 60 months from the date the Company’s common shares were listed on the TSX-V (April 14, 2022).

Reserve

The reserve records items recognized as stock-based compensation expense and other share-based payments until such time that the stock options or warrants are exercised, at which time the corresponding amount will be transferred to share capital. Amounts recorded for forfeited or expired unexercised options and warrants are transferred to deficit.

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Solid Impact Investments Corp.
Notes to the Condensed Interim Financial Statements
For the Nine Months Ended February 28, 2026
(Expressed in Canadian Dollars)
(Unaudited)

NOTE 4 – CAPITAL MANAGEMENT

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern and to maintain a flexible capital structure which will allow it to pursue the completion of a Qualifying Transaction as defined in TSX-V Policy 2.4. Therefore, the Company monitors the level of risk incurred in its expenditures relative to its capital structure.

The Company considers its capital structure to include all components of shareholders’ equity. The Company monitors its capital structure and makes adjustments in light of changes in economic conditions and the risk characteristics of the potential underlying assets. To maintain or adjust the capital structure, the Company may issue new equity if available on favorable terms and approved by the TSX-V.

As a CPC, the Company will be subject to externally imposed capital requirements as outlined in the TSX-V Policy 2.4 and summarized below:

i. No salary, consulting, management fees or similar remuneration of any kind may be paid directly or indirectly to a related party of the Company or a related party of a Qualifying Transaction;
ii. Gross proceeds realized from the sale of all securities issued by a CPC may only be used to identify and evaluate assets or businesses and obtain shareholder approval for a Qualifying Transaction;
iii. No more than $3,000 per month may be used for purposes other than to identify and evaluate a Qualifying Transaction; and
iv. After the completion of its IPO and until the completion of a Qualifying Transaction, a CPC may not issue any securities unless written acceptance of the TSX-V is obtained before the issuance of the securities.

There were no changes in the Company’s approach to capital management during the period ended February 28, 2026.

NOTE 5 – FINANCIAL INSTRUMENTS

a) Fair value

Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;
Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and
Level 3 – Inputs that are not based on observable market data.

The fair values of the Company’s cash approximate its carrying amounts due to the short-term nature of these instruments. Cash is measured using level 1 inputs.

b) Financial risk management

Credit risk

Credit risk is the risk of an unexpected loss if a third party to a financial instrument fails to meet its contractual obligations. The Company has cash that is subject to credit risk. Credit risk is assessed as low.

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Solid Impact Investments Corp.
Notes to the Condensed Interim Financial Statements
For the Nine Months Ended February 28, 2026
(Expressed in Canadian Dollars)
(Unaudited)

NOTE 5 – FINANCIAL INSTRUMENTS (continued)

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in raising funds to meet commitments associated with financial instruments. The Company plans to manage liquidity risk by maintaining adequate cash balances to meet liabilities as they become due.

As at February 28, 2026, the Company had $59,012 cash held on hand and has accrued liabilities of $8,870. All accrued liabilities are current. The Company will need to obtain additional financing through the issuance of equity or other means.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market interest rates. The Company’s financial asset is not exposed to interest rate risk due to their short-term nature and maturity. The Company is not exposed to any significant interest rate risk.

Foreign currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates. The Company is not exposed to foreign currency risk.

NOTE 6 – RELATED PARTY TRANSACTIONS

During the nine-month period ended February 28, 2026, the Company had the following transaction with related parties:

• The company owed $3,000 (May 31, 2025: $7,725) and paid $12,450 (2025: $18,900) in consulting fees to a company owned by one of its officers