Vancouver, British Columbia--(Newsfile Corp. - August 21, 2026) - BIGG Digital Assets Inc. (TSXV: BIGG) (OTCQB: BBKCF) (WKN: A2PS9W) ("BIGG" or the "Company"), a leading innovator and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, is pleased to announce that it is changing its name to Surge Digital Inc. (the "Name Change") and intends to complete a consolidation of its common shares on the basis of seven (7) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"). The Name Change and the Consolidation were each approved by resolutions of the Company's board of directors, and are subject to acceptance by the TSX Venture Exchange (the "TSXV") and the completion of all applicable corporate and regulatory filings. The Name Change, Consolidation and symbol change are expected to become effective on or about August 26, 2026 (the "Effective Date").
Name change and symbol change
The Company will be known as Surge Digital Inc., and its common shares are expected to commence trading on the TSXV on a post-consolidation basis under the new name and the symbol "SRGE" at the opening of trading on the Effective Date. The board determined that the name change and the symbol change better reflect the Company's business focus and strategic direction.
Share consolidation
The Company currently has 355,780,820 common shares issued and outstanding. On the Consolidation becoming effective, and subject to the treatment of fractional shares described below, the Company will have approximately 50,825,831 common shares issued and outstanding.
No fractional common shares will be issued in connection with the Consolidation. Where the Consolidation would otherwise result in a fractional common share, the number of post-consolidation common shares to be received will be rounded down to the nearest whole number if the fractional interest is less than one-half of a common share and rounded up to the nearest whole number if the fractional interest is one-half of a common share or greater. No cash consideration will be paid in respect of any fractional interest. Accordingly, the actual number of post-Consolidation common shares issued and outstanding may differ from the number set out above.
The number of common shares issuable under, and the exercise or conversion price of, all outstanding stock options, share purchase warrants and other securities of the Company convertible into or exercisable or exchangeable for common shares will be adjusted proportionately in accordance with their respective terms and applicable TSXV policies to reflect the Consolidation.
Other than in respect of the rounding of fractional shares described above, the Consolidation will not affect the proportionate equity interest or voting rights of any shareholder of the Company relative to other shareholders.
No shareholder approval required
The articles of the Company permit the board to approve and implement each of the Name Change and the Consolidation without shareholder approval. Accordingly, the Name Change and the Consolidation were approved by the board, and no meeting of, or approval by, the shareholders of the Company is required.
New Cusip and ISIN
The new CUSIP and ISIN numbers assigned to the Company's common shares following the Name Change and Consolidation are 86890A109 and CA86890A1XXX, respectively.
Information for Shareholders
Beneficial (street name) holders: Shareholders who hold their common shares through a broker, investment dealer or other intermediary are not required to take any action. Their holdings will be adjusted automatically to reflect the Name Change and the Consolidation.
Registered holders in book-entry (DRS) form: Registered shareholders who hold their common shares in Direct Registration System (DRS) form will automatically receive a DRS advice reflecting their post-consolidation holdings and are not required to take any action.
Registered holders of share certificates: Registered shareholders holding physical share certificates will be mailed a letter of transmittal by the Company's transfer agent, Computershare Trust Company of Canada, with instructions for surrendering their pre-consolidation certificate(s) in exchange for post-consolidation common shares. Such shareholders should not destroy any certificates and are encouraged to complete, sign and return the letter of transmittal, together with their existing share certificate(s), in accordance with the instructions set out therein.
Shareholders who hold their common shares through a broker, investment dealer, bank, trust company or other intermediary are not required to take any action in connection with the Consolidation and should contact their intermediary with any questions.
On Behalf of the Board
Fraser Matthews
CEO
ir@biggdigitalassets.com
778.819.3890
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (TSXV: BIGG) (OTCQB: BBKCF) (WKN: A2PS9W) owns, operates, and invests in crypto businesses that support a compliant and safe digital asset ecosystem. BIGG's portfolio includes:
- Netcoins - A regulated Canadian and American crypto trading platform.
- Blockchain Intelligence Group - Blockchain analytics and forensics solutions.
- TerraZero Technologies - Immersive Media, Metaverse and Web3 development.
BIGG believes the future of crypto is secure, compliant, and trusted.
Learn more at www.biggdigitalassets.com.
Netcoins is a crypto trading platform providing secure, regulated access to a growing range of digital assets. With a commitment to transparency and compliance, Netcoins serves both retail and institutional investors, offering a trusted way to buy, sell, stake and custody crypto in Canada. Learn more at www.netcoins.com.
Blockchain Intelligence Group provides digital asset forensics and blockchain analytics solutions supporting AML, investigations, and risk management for cryptocurrency activity. For more information, please visit www.blockchaingroup.io.
TerraZero is an immersive media and Web3 development company focused on creating next-generation virtual experiences for brands. Through its Intraverse platform, TerraZero offers immersive experience creation, advertising, data analytics, and digital events. For more information, please visit https://terrazero.com or contact hello@terrazero.com.
For more information and to register for BIGG's mailing list, please visit our website at www.biggdigitalassets.com. Or visit SEDAR+ at www.sedarplus.ca.
Future operating results could also be materially affected by the price of cryptocurrency and the demand (or lack thereof) for cryptocurrency. In addition, BIGG's past financial performance may not be a reliable indicator of future performance.
Forward-Looking Statements
Certain statements in this release are forward-looking statements or information, which include the expected opportunities, outcomes, potential and benefits of the Company's products and services, and the expected benefits and outcomes. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the ability to manage operating expenses, which may adversely affect the Company's financial condition, the ability to remain competitive as other better financed competitors develop and release competitive products, volatility in the trading price of the common shares of the Company, the demand and pricing of cryptocurrency, the Company'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; Netcoins' continued compliance with the terms and conditions of the exemptive relief decision and the undertaking, including satisfaction of any remaining milestones or ongoing obligations contemplated therein; CIRO's continued review of Netcoins' membership application and whether, when and on what terms CIRO may approve Netcoins' membership; Netcoins' ability to continue operating under its Restricted Dealer registration until CIRO membership approval; and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that it will prove to be correct. The securities of BIGG are considered highly speculative due to the nature of BIGG's business. For further information concerning these and other risks and uncertainties, refer to the Company's website and filings on www.sedarplus.ca. In addition, BIGG's past performance may not be a reliable indicator of future performance.
Important factors that could cause actual results to differ materially from BIGG's expectations include consumer sentiment towards BIGG's products and Cryptocurrency, Blockchain and Metaverse technology generally, technology failures, the lack of demand for the company's products and services, fluctuations in the price of cryptocurrency, the 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; the ability to obtain and/or maintain licences, permits and approvals that are necessary to operate the business; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; increase in costs and expenses; the dependence on key personnel; competition; the demand and pricing of cryptocurrencies and NFTs (including digital assets); litigation; security threats, including a loss/theft of NFTs, cryptocurrencies, and other assets; and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310877
Source: BIGG Digital Assets Inc.
