Thermopylae Capital completed its initial public offering on March 23, 2026, issuing 3,330,000 common shares at $0.10 each for gross proceeds of $333,000. Leede Financial Inc. served as agent, earning a 10% cash commission and non-transferable warrants for 330,000 shares at $0.10 for five years. Following the offering, the corporation has 6,130,000 shares issued and outstanding. Directors, officers and seed shareholders hold shares subject to escrow restrictions under the TSXV Capital Pool Company program. Nicholas Aristotle Demos’s direct and option-converted holdings declined from 75.00% to 34.26% on a non-diluted basis after the IPO. An early warning report reflecting this change will be filed on SEDAR+ as required. Net proceeds alongside existing working capital will fund the identification and evaluation of assets or businesses for a qualifying transaction under the TSXV CPC program. Trading is expected to commence once the share halt is lifted.