Trenchant Technologies Capital — M&A Activity 2025

Apr 28, 2025

Trenchant Technologies Capital Corp. Announces Acquisition of Limitless Quantum, Advancing Quantum-Resistant Blockchain Technology

VANCOUVER, BC – April 28, 2025 – Trenchant Technologies Capital Corp. (CSE: AITT; OTCQB: AITTF) (“Trenchant” or the “Company”) is pleased to announce that, further to its news releases dated January 23, 2025, February 12, 2025 and April 10, 2025, the Company has closed its previously announced transaction with Limitless Quantum Computing Solutions Inc. (“Limitless Quantum”), an arm’s length British has Columbia-based company developing a quantum-resistant blockchain platform, and the shareholders of Limitless Quantum (collectively, the “Limitless Quantum Shareholders”) pursuant to which the Company acquire all of the issued and outstanding common shares (each, a “Limitless Quantum Share”) of Limitless Quantum from the Limitless Quantum Shareholders (the “Acquisition”).

“We are thrilled to have closed on our Acquisition of Limitless Quantum,” said Eric Boehnke, CEO of Trenchant. “This Acquisition is an important step in our efforts to broaden our technology portfolio in the blockchain space. With Limitless Quantum’s quantum-resistant solutions, we aim to address the challenges posed by quantum computing. Our combined expertise will support the development and deployment of secure blockchain platforms.”

ABOUT LIMITLESS QUANTUM

Limitless Quantum has developed a blockchain platform that combines Bitcoin’s foundation with Ethereum Virtual Machine compatibility, offering native zero-knowledge rollups for enhanced privacy and scalability. Built with post-quantum cryptography at its core, Limitless Quantum addresses the growing need for solutions that protect against the anticipated challenges posed by quantum computing advancements.

Quantum computing poses a catastrophic threat to current digital security. Its immense computational power has the potential to shatter traditional cryptographic algorithms like ECDSA, which are the foundation of Bitcoin’s security. If quantum computers can break these systems, the entire cryptocurrency market currently valued at over $3.5 trillion,¹ is at risk, as the security and trust that underpin blockchain technology could be obliterated. As detailed in recent studies, including the NIST Post-Quantum Cryptography Standardization project, quantum algorithms such as Shor’s have the potential to undermine the cryptographic foundations of blockchain systems like Bitcoin, highlighting the urgent need for quantum-resistant solutions.

Limitless Quantum is taking steps to address this existential threat by integrating Falcon-512, an advanced quantum-resistant signature system, to ensure Bitcoin’s security in a quantum future. This quantum-resistant system is designed to maintain compatibility with Bitcoin’s Proof of Work, the critical mechanism that secures the network. As quantum computing advances, Limitless Quantum plans to integrate Falcon-512 into the software that powers blockchain nodes (the backbone of the network) and update wallet systems to support quantum-resistant keys, helping secure user transactions in a post-quantum world.

¹ Bernard Marr, “Bitcoin’s Trillion-Dollar Comeback: The Market Shift You Can’t Ignore” (12 March 2024), online: Bernard Marr & Co https://bernardmarr.com/bitcoins-trillion-dollar-comeback-the-market-shift-you-cant-ignore/.

---

2

ACQUISITION

The Acquisition was conducted pursuant to the terms of a Share Exchange Agreement (the "Agreement") dated April 10, 2025, whereby Trenchant acquired all of the outstanding Limitless Quantum Shares from the Limitless Quantum Shareholders in consideration for the issuance of an aggregate of 10,000,000 common shares (each, a "Consideration Share") in the capital of the Company at a deemed price of $0.06 per Consideration Share and 10,000,000 share purchase warrants (each, a "Consideration Warrant") to the Limitless Quantum Shareholders on a pro rata basis. Accordingly, each Consideration Warrant entitles the holder thereof to purchase one common share in the capital of the Company at an exercise price of $0.08 for a period of three years. Limitless Quantum will become a wholly-owned subsidiary of Trenchant.

No change of control of the Company occurred as a result of the Acquisition and, as at closing, Limitless Quantum became a wholly-owned subsidiary of Trenchant. The Limitless Quantum Shareholders have also agreed to the imposition of a voluntary escrow on the Consideration Shares as to 1/3 on the closing date, 1/3 on the date that is three months after the closing date and 1/3 on the date that is six months after the closing date.

ABOUT TRENCHANT TECHNOLOGIES CAPITAL

Trenchant Technologies Capital is an investment issuer focused primarily on seeking investment in companies introducing novel technologies, including Artificial Intelligence and Quantum Computing, to traditional business models that are due for disruption. Trenchant's team undergoes a rigorous due diligence process to identify companies led by seasoned management teams that are strong candidates for acquisition or an initial public offering.

In May 2024, Trenchant Technologies Capital acquired a 20% ownership interest in GNQ Insilico from parent company My Next Health Inc. Further, Trenchant holds an option to acquire up to 40% of GNQ Insilico. Learn more here.

ON BEHALF OF THE BOARD TRENCHANT TECHNOLOGIES CAPITAL CORP.

Per: "Eric Boehnke"
Eric Boehnke, CEO

For further information, please contact:
Trenchant Technologies Capital Corp.
Eric Boehnke, CEO
604.307.4274

Forward Looking Statements

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements, including but not limited to the perceived benefits of the Acquisition for Trenchant, Limitless Quantum's ability to advance its technological developments towards successful commercialization, and the necessary development of quantum computing technologies to enable Limitless Quantum's proposed business to have commercial significance in the protection of cryptography based business and assets include crypto-currencies and their trading exchanges. Various assumptions were

---

3

used in drawing the conclusions or making the predictions contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management of Limitless Quantum at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Trenchant Capital and Limitless Quantum are under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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 news release.