Lite Strategy discloses warrant exercise by advisor Green Dragon Investments

Lite Strategy, Inc. disclosed in an 8-K filing that on October 29, 2026, Green Dragon exercised 517,509 Advisory Warrants in a cashless exercise to purchase 517,465 shares of Common Stock.¹

The warrants trace back to an Advisory Agreement the company entered into with Green Dragon Investments LLC on July 22, 2025, under which the Company agreed to pay Green Dragon an asset-based fee in warrants to purchase a number of shares of common stock equal to 0.75% per annum of the Account Assets, as calculated in accordance with the Advisory Agreement.¹

The filing describes how the warrant count is determined: the number of Advisory Warrants to be issued for any given year equals the dollar amount of the Annual Advisory Fee for that year, divided by the stock's average trading-volume-weighted price over a 30 trading-day period ending the day before the applicable Fee Reference Date.¹ The exercise price per share of the Advisory Warrants is set at a price equal to $0.0001.¹

Regarding the legal basis for the issuance, the Company relied on exemptions from registration available to issuers for transactions not involving a public offering, in connection with the Advisory Warrants and the shares issued upon their exercise.¹

The filing notes that the full terms of the Advisory Warrants are set out in the form of warrant filed as Exhibit 4.5 to the company's Form 8-K filed on July 22, 2025, which is incorporated by reference into this report.¹ The 8-K was signed by Justin J. File, who holds the titles of Chief Executive Officer, Chief Financial Officer and Secretary¹, and was dated November 3, 2026.