Vancouver, British Columbia–(Newsfile Corp. – September 9, 2026) – Bitzero Holdings Inc. (NASDAQ: AIBZ) (CSE: AIBZ.U) (FSE: 000) (“Bitzero” or the “Company“), a provider of sustainable high-performance compute (“HPC“) and AI data center infrastructure, today announced that it has amended and refiled its annual and interim financial statements and related management’s discussion and analysis, as described below.
Refiling of Annual and Interim Financial Statements
The Company has amended and refiled:
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its audited consolidated financial statements and related management’s discussion and analysis (“MD&A“) for the year ended September 30, 2025 (the “Annual Filings“); and
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its unaudited interim condensed consolidated financial statements and related MD&A for the three and nine months ended June 30, 2026 (the “Interim Filings” and, together with the Annual Filings, the “Affected Filings“).
The refilings follow a review by the British Columbia Securities Commission (the “BCSC“) of the Company’s continuous disclosure record and relate to the classification and presentation of the warrants issued in connection with the Company’s senior secured loan. The reclassification is non-cash in nature and does not affect the Company’s total assets, total liabilities, shareholders’ equity, net loss, total comprehensive loss or cash and cash equivalents. The amended and restated Affected Filings have been filed on SEDAR+ at www.sedarplus.ca.
Nature of the Reclassification
With the assistance of an independent valuation specialist, management re-performed the IFRS classification analysis for the warrants issued in connection with the senior secured loan (the “JGB First Warrants“). Because the JGB First Warrants contain provisions that may result in a variable number of common shares being issued, they do not satisfy the “fixed-for-fixed” condition under IAS 32 and are classified as derivative financial liabilities measured at fair value through profit or loss, rather than being presented within senior secured loans. The Affected Filings have been amended and refiled to reflect, among other items:
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in the audited financial statements for the year ended September 30, 2025, the separate presentation of the JGB First Warrants as a current derivative financial liability measured at fair value through profit or loss, with the related host debt presented at amortized cost, resulting in the reclassification of $7,716,025 from non-current liabilities to current liabilities, with no change to total liabilities; and
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in the interim financial statements for the three and nine months ended June 30, 2026, the revision of the comparative statement of financial position as at September 30, 2025 to conform to that presentation, together with the reorganization and disaggregation of certain note disclosures.
