CoinShares International Limited today provided an update on its joint merger plan with Vine Hill Capital Investment Corp.

The Transaction once completed would in effect facilitate a change of listing venue for CoinShares shares from Nasdaq Stockholm to the Nasdaq Stock Market in the United States, or any other public stock market or exchange in the United States as may be agreed between CoinShares and Vine Hill.

The parties have agreed to accelerate the timetable for the Transaction in an effort to partially offset delays that arose due to the effects of the shutdown of the U.S. federal government in late 2025. The Scheme of Arrangement remains conditional on, amongst other things, the approval of the requisite majority of Scheme Shareholders at the Jersey Court Meeting and the requisite majority of CoinShares Shareholders at the Scheme General Meeting. The Scheme of Arrangement is also subject to the satisfaction (or, where applicable, waiver) of the other certain other conditions and further terms, as described more fully in the Scheme Circular.

The updated expected timetable is as follows:

• Jersey Court Meeting: 19 March 2026
• Scheme General Meeting: 19 March 2026
• Last day of trading of CoinShares Shares on Nasdaq Stockholm: 20 March 2026
• Suspension of trading of CoinShares Shares from Nasdaq Stockholm: 23 March 2026
• Special Meeting in Vine Hill: On or around 27 March 2026
• Completion of the SPAC Merger: On or around 30 March 2026
• Sanction Hearing: On or around 30 March 2026
• Completion of the Private Placement: On or around 31 March 2026
• Completion of the Transaction (i.e. the Scheme of Arrangement becoming effective): On or around 31 March 2026
• Delisting of CoinShares ordinary shares from Nasdaq Stockholm: On or around 31 March 2026
• Issue of Odysseus Holdings ordinary shares: On or around 31 March 2026
• First day of trading of Odysseus Holdings ordinary shares on Nasdaq Stock Market in the United States, or any other public stock market or exchange in the United States: On or around 7 April 2026

As part of the Transaction, the board of directors of CoinShares resolved to apply for the suspension of trading and delisting of CoinShares’ ordinary shares from Nasdaq Stockholm. The application has been submitted by CoinShares on its own initiative and is not the result of any request by Odysseus Holdings or any other third party.

The delisting of CoinShares’ ordinary shares is conditional upon the registration of the court order sanctioning the Scheme of Arrangement with the Jersey Companies Registrar.

The last day of trading in CoinShares’ ordinary shares on Nasdaq Stockholm is expected to be on 20 March 2026. The suspension of trading of CoinShares’ ordinary shares on Nasdaq Stockholm is expected to take effect from 23 March 2026, and the delisting of CoinShares’ ordinary shares on Nasdaq Stockholm is expected to take effect on 31 March 2026.