We’re excited to share that on May 13, 2025, Polymath, through its subsidiary Polymesh Labs, agreed to acquire specific assets and liabilities from the Polymesh Association, including POLYX tokens.

Polymesh Switzerland is a not-for-profit, independent entity under Swiss law. The acquisition is subject to certain conditions and is expected to close before Polymath’s broader go public transaction with AnalytixInsight.

The Polymesh Labs Acquisition will enable Polymesh Labs’ principal business to include the oversight of the Polymesh blockchain, including POLYX tokens associated with the Polymesh blockchain. Polymesh Labs will further develop key applications, including:

• TokenStudio: A self-service decentralized app enabling easy token issuance and management.
  
  
• Polymesh Wallet: Designed for secure management of digital assets and identities on the blockchain.
  
  
• Additional software applications aimed at enhancing the Polymesh ecosystem.

The Polymesh blockchain is a layer one public permissioned blockchain purpose-built for tokenizing real-world assets. Inspired by the ERC1400 standard, it layers in additional native functionality around governance, identity, compliance, confidentiality, and settlement. 

POLYX tokens are the native utility tokens of the Polymesh blockchain. POLYX tokens are only created when block rewards are minted to reward participants in the proof-of-stake consensus mechanism. These participants are often collectively referred to as “node operators” and “stakers.”

"We are excited to announce the acquisition of Polymesh Switzerland's assets," stated Vince Kadar, the Chairman of the board of directors of AnalytixInsight and the Chief Executive Officer of Polymath. "This acquisition represents a strategic step forward in streamlining our efforts to accelerate the adoption of blockchain technology in capital markets. By acquiring Polymesh Switzerland's capabilities into Polymesh Labs, we strengthen our ability to deliver regulated, purpose-built infrastructure for the tokenization of real-world assets. This move enhances our ability to support institutions and innovators seeking compliant, scalable solutions for issuing and managing digital securities. It's a milestone not just for us, but for the broader blockchain ecosystem by providing greater governance and transparency of the Polymesh blockchain as it matures and embraces the tokenization of real-world assets as a foundational use case."

Notice on Forward-Looking Statements:

This release includes forward-looking information or forward-looking statements within the meaning of Canadian securities laws, the 1933 Act, the U.S. Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995 regarding AnalytixInsight, Polymath and their respective businesses, which may include, but are not limited to, statements with respect to the completion of the Transaction by the Outside Date or at all, the terms on which the Transaction is intended to be completed, the ability to obtain regulatory and shareholder approvals, the Name Change, expectations with respect to Polymath business plans, objectives and, product lines (including but not limited to the Polymesh blockchain, Polymath's Capital Platform, staking and TokenStudio), statements regarding the Concurrent Financing (including but not limited to the use of proceeds and the fulfillment of the Release Conditions), the Polymesh Labs Acquisition, and statements regarding the AGSM.

Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of each entity, and are based on assumptions and subject to risks and uncertainties, many of which are beyond the control of AnalytixInsight and Polymath, and cannot be predicted or quantified, including risks related to: the state of the economy in general and capital markets in particular; the ability to manage operating expenses, which may adversely affect AnalytixInsight's financial condition; the ability to remain competitive as other better financed competitors; volatility in the trading price of the Common Shares; the demand and pricing of cryptocurrency assets held by AnalytixInsight or Polymath; AnalytixInsight's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; and other factors, many of which are beyond the control of AnalytixInsight.

Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release, including completion of the Transaction, the Concurrent Financing (and the proposed terms upon which the Transaction, the Concurrent Financing are proposed to be completed), the Consolidation, the ability to secure shareholder and regulatory approval, and the success of future product advancements, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting AnalytixInsight, including risks regarding market conditions, economic factors, management's ability to complete the Transaction and related matters as expected or at all, management's ability to manage and to operate the business of the Resulting Issuer, and the equity markets generally. Although AnalytixInsight and Polymath have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward- looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and neither AnalytixInsight nor Polymath undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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