Lite Strategy (LITS) Registration Filing summary

Company overview and business model

• First U.S.-listed public company to adopt Litecoin as its primary reserve asset, transitioning from a drug development focus to digital asset treasury strategies in partnership with blockchain, finance, and technology innovators.

• Funds from a recent private placement were used to acquire Litecoin, aiming to diversify reserves and enhance capital efficiency.

• Operates as a smaller reporting company, taking advantage of reduced disclosure requirements.

Financial performance and metrics

• Recent private placement involved the sale of 23,216,898 shares at $3.42 per share and pre-funded warrants for 6,022,869 shares at $3.4199 per warrant.

• As of October 7, 2025, 35,655,155 shares of common stock were outstanding, with 36,435,652 shares expected after full warrant exercise.

Use of proceeds and capital allocation

• No proceeds from the resale of shares by selling stockholders; up to $54.63 and $23.41 in gross proceeds possible from full exercise of GSR and Advisory Warrants, respectively.

• Proceeds from warrant exercises will be used for general corporate purposes.

• Substantially all net proceeds from prior offerings were used to purchase Litecoin.