Figure Markets and GXD Labs Respond to Ionic Digital’s Recent FAQs (Read Here)

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Rebuttal to Ionic Digital’s FAQ

By Mike Cagney, Figure Markets Co-Founder and CEO

November 7, 2024

Below is a response to Ionic Digital Inc.’s (“Ionic” or the “Company”) recent FAQ published on November 1, which aimed to address shareholder inquiries. 

We acknowledge Ionic Digital’s attempt to clarify with shareholders through recent communication after a period of limited updates. However, we are concerned that certain details provided in their FAQ do not accurately reflect the current state of Ionic Digital’s governance, mining costs, and shareholder liquidity. 

Figure Markets, Tony Vejseli, and GXD Labs remain committed to enhancing transparency around Ionic Digital’s financial and operational metrics to safeguard shareholder interests. To that end, we’ve collectively proposed a special meeting for shareholders to discuss a potential change in the board of directors, suggesting the removal of board members Tom DiFiore, Scott Duffy, and Emmanuel Aidoo.

Please review our collective rebuttal to Ionic’s FAQ and consider supporting the proposed special meeting by completing the form to participate in the vote on potential board adjustments.

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