Final tranche of shares to be issued under Investment Agreement with long standing shareholder

• AdAlta entered an Investment Agreement with the Meurs Group, a long standing shareholder of the Company, in April 2024, providing important liquidity and working capital for the Company

• Meurs Group invested $0.7 million as a prepayment of approximately $0.76 million worth of AdAlta shares

• In accordance with the Meurs Investment Agreement, Meurs Group has requested settlement of the remaining balance of the investment

• The shares to be issued will be the final shares required to be issued under the Meurs Investment Agreement