Slide 1: Your key to investing in innovative pre-IPO companies
Your key to investing in some of the world’s most innovative and disruptive pre - IPO companies September 2026
Slide 2: Disclaimer
DISCLAIMER This document is for information purposes only and may contain forward - looking statements and information within the meaning of the Canadian provincial securities laws and other “forward looking statements” within the meaning of Section 27 A of the U .S . Securities Act of 1933 , as ame
Slide 3: Most investors can't access the world's most attractive private companies
PROBLEM Most investors can’t access some of the world’s most attractive private companies © 2026 Stack Capital 2
Slide 4: Barriers to Participation in Private Equity
BARRIERS TO PARTICIPATION IN PRIVATE EQUITY GETTING ACCESS TO OPPORTUNITIES IS DIFFICULT EVEN WHEN ACCESS IS FOUND, INVESTORS RUN INTO: ACCREDITED HIGH INVESTMENT LACK OF INVESTOR RULES MINIMUMS LIQUIDITY • Net assets of $1+ million • Amounts vary based on • Regular redemption option ( excluding pri
Slide 5: Private Equity Has Become a Critical Driver of Wealth Creation
PRIVATE EQUITY HAS BECOME A CRITICAL DRIVER OF WEALTH CREATION PUBLIC vs PRIVATE LANDSCAPE HAS CHANGED PUBLIC COMPANIES PRIVATE COMPANIES Private companies enjoy ready - 41% +489% access to capital 12,000 11,200 10,000 Allows them 8,000 7,300 to stay private longer 6,000 4,300 4,000 1,900 Creates si
Slide 6: Private Companies Are Now Larger and More Established at IPO
PRIVATE COMPANIES ARE NOW LARGER AND MORE ESTABLISHED AT IPO MARKET CAPS/REVENUES AT IPO PRIVATE EQUITY REVENUES $100 $40 $30 $2 $12 $4 $400 $3 $800 $2.7 IPO Recent Legacy Million Million Million Million Billion Billion Million Billion Million Billion AVERAGES IPOs IPOs $76.0 Age of Firm 15 Years 2
Slide 7: Stack has democratized access to pre-IPO companies
SOLUTION Stack has ‘democratized’ access into growth and late -stage pre -IPO companies for all investors © 2026 Stack Capital 6
Slide 8: Advantages of Being a Public Company (TSX:STCK)
ADVANTAGES OF BEING A PUBLIC COMPANY (TSX:STCK) Eligibility • Both accredited & non - accredited investors can own STCK • Shares can be held across any type of investment account (RRSP, RRIF, RESP, TFSA, and non - reg) Liquidity • Shares can be bought/sold through the TSX, at any time • Unlike tradi
Slide 9: Key Pillars of Stack
KEY PILLARS OF STACK Access to growth & late -stage Experienced leadership private equity opportunities Liquidity, through a TSX listing Diversified / risk -adjusted investment approach Active investment management Alignment of Interests © 2026 Stack Capital 8
Slide 10: Stack's Competitive Advantage
STACK’S COMPETITIVE ADVANTAGE • No ‘fund life’ eliminates the risk of forced selling Permanent Capital • Dealing with an ‘evergreen’ structure is the preferred choice of issuers • Experienced and well - connected Management Team, Board and Advisory Established Network Board • Informational advantage
Slide 11: Accessing Private Companies
ACCESSING PRIVATE COMPANIES PRIMARY TRANSACTIONS SECONDARY TRANSACTIONS • Capital going directly to balance sheet of • Exploiting liquidity - driven opportunities the company o Individuals who need capital for o Raising additional funds in another personal reasons round o VC/PE funds that have come
Slide 12: Investment "Sweet Spot"
INVESTMENT “SWEET SPOT” START UP FINANCING CYCLE ‘BUYING ‘RIGHT’ IS A KEY COMPONENT Target Portfolio Companies OF OUR INVESTMENT APPROACH Target businesses that offer margin of safety : Co - founders / Seed Capital VC’s / PE / M&A / Angel Investors Price - to - Sales Exit 15x • Strong relative growt
Slide 13: Risk Spectrum: Targeting Preferred Equity
TARGETING PREFERRED EQUITY PROVIDES RISK - ADJUSTED EXPOSURE ILLUSTRATIVE EXAMPLE BENEFITS OF OWNING THE LAST 1 -2 ROUNDS OF PREFERRED EQUITY Medium Preferred Equity – Series D • Last - in, first - out privilege on liquidation • Senior to previously issued series of Preferred Equity – Series C RISK
Slide 14: Timeline of Investments Since IPO
TIMELINE OF INVESTMENTS SINCE IPO Sept 2021 Oct 2021 Oct 2021 Feb 2022 Mar 2022 Jun 2022 $5M USD $6M USD $5M USD $6M USD $3.8M USD $2.1M USD Mar 2024 Sept 2023 Apr 2023 Nov 2022 Sept 2022 Jun 2022 $3.1M USD $1M USD $2M USD $8M USD $1.7M USD $7M USD Apr 2024 June 2024 Dec 2024 / Jan 2025 Mar 2025 Jun
Slide 15: Portfolio Overview
PORTFOLIO OVERVIEW (as of June 30, 2026) Shield AI (2.1%) Bolt (0.8%) Military Defense Quantum Computing X - energy (2.8%) Varo (0.4%) Nuclear Energy / SMRs Neo - bank / Finance Databricks (3.0%) PsiQuantum (0.4%) Data Analytics Quantum Computing Prove (3.7%) 1 Cyber - Security Omio (3.7%) SpaceX (3
Slide 16: Book Value Per Share vs Trading Price
BOOK VALUE PER SHARE vs TRADING PRICE $20.25 (June 30, 2026 ) $7.62 SPaCEx $2.03 $1.63 PROMETHEUS $1.21 $18.04 $1.10 $1.09 (August 31, 2026 - closing price) $1.04 CASH $0.98 $0.96 $0.92 $ 19.21 TSX:STCK $0.90 excluding cash $0.75 $0.74 $0.60 $0.18 $0.57 $0.42 $0.10 $0.09 $0.08 ($1.55) Net Other Asse
Slide 17: Portfolio Companies
PORTFOLIO COMPANIES PROMETHEUS © 2026 Stack Capital 16
Slide 18: Leader in the Emerging Space Economy
LEADER IN THE EMERGING ‘SPACE ECONOMY’ STARLINK LAUNCH SPACEXAI TOURISM LEGO IDEAS - SpaceX Falcon Heavy What is the SpaceX Crew Dragon? - BBC News TAN • Global solution for • Re - usable rockets • Recently acquired • Focused on human high - speed, low - that transport both by SpaceX spaceflight, la
Slide 19: Starlink Represents a Key Growth Engine
STARLINK REPRESENTS A KEY GROWTH ENGINE • 12+ million subscribers worldwide (August 2026) • Subscribers across 160 countries • 10,900+ active satellites currently in low Earth orbit (LEO) TAN OPPORTUNITIES ACROSS SEVERAL VERTICALS AVIATION MARITIME TELECOM PARTNERSHIPS © 2026 Stack Capital 18
Slide 20: Starship Will Eventually Super-Charge Starlink Growth
STARSHIP WILL EVENTUALLY ‘SUPER - CHARGE’ STARLINK GROWTH https://youtu.be/NpjLfUoiT_w TAN © 2026 Stack Capital 19
Slide 21: Building Mission-Critical Infrastructure for Frontier AI
BUILDING MISSION - CRITICAL INFRASTRUCTURE FOR FRONTIER AI Powers, designs and builds data centers, and operates the hardware and software required by leading AI laboratories Landmark Anthropic partnership • Selected to develop custom data centers in New York and Texas for Anthropic as part of its U
Slide 22: Leading LLM That Is Growing by Leaps & Bounds
LEADING LLM THAT IS GROWING BY LEAPS & BOUNDS ChatGPT has an estimated 883 million unique monthly users (as of Jan 2026) 900+ Million Monthly Users 901M 6.4+ Billion July 2026 Monthly visits +106.2% 2.5 Billion increase in monthly users Daily prompts since Sept 2024 437M Sept 2024 ~50M Subscription
Slide 23: Vertically Integrated AI Infrastructure Company
VERTICALLY INTEGRATED AI INFRASTRUCTURE COMPANY Specializes in building and operating high - performance and sustainable data centers through stranded, under - utilized and/or clean energy sources Cost Efficiency Speed to Market Sustainability 30% - 50% lowe r Build data centers in DFM Technology re
Slide 24: Unified Cloud-Based Data and AI Platform
Unified, cloud - based data and AI Platform that helps organizations manage, analyze, and use their data to build & deploy machine learning solutions Allows customers to process & analyze unstructured data BOTH structured & – including video, text, and IoT data $6.9B+ Annual Recurring Revenue 80%+ Y
Slide 25: Leader in Consumer & Enterprise Design Software
LEADER IN CONSUMER & ENTERPRISE DESIGN SOFTWARE • User - friendly platform empowers students, educators, individuals, small businesses, large corporations, and industry professionals with the tools necessary to create & publish visual assets $4B+ Annualized Revenues TAN 265M+ Monthly Active Users 19
Slide 26: One-Stop Travel App for Flights, Hotels, Car Rentals
‘ONE - STOP’ TRAVEL APP FOR FLIGHTS, HOTELS, CAR RENTALS & SHORT - TERM HOME RENTALS • 3 rd largest on - line travel agency (OTA) in North America • HTS (Hopper’s B2B business) has quickly become a major $7B+ Travel/Fintech sold annually driver of growth TANDING GROWTH 120M+ App Downloads 300M+ Glob
Slide 27: Looking Ahead
LOOKING AHEAD • CASH POSITION IS ADVANTAGEOUS • CONTINUE TO EXPLORE PRIMARY & SECONDARY TRANSACTIONS, ALONG WITH OTHER NON - TRADITIONAL OPPORTUNITIES SOFTWARE - AS - A ROBOTICS CYBER - SECURITY HEALTH - TECH / AI SERVICE MANUFACTURED HOUSING Stack will continue to patiently deploy capital across va
Slide 28: Management Team
MANAGEMENT TEAM Jeff Parks, CFA Jason Meiers Jimmy Vaiopoulos, CPA, CA Brian Viveiros Chief Executive Officer & Director Chief Investment Officer Chief Financial Officer VP, Corporate Development & IR • Over a decade of portfolio • Over two decades of • Former CFO and interim • Over two decades of m
Slide 29: Board of Directors
BOARD OF DIRECTORS John Bell, FCA, FCPA Dr. Gerri Sinclair Laurie Goldberg, CPA Jeff Parks, CFA Chairman & Independent Director Independent Director Independent Director Chief Executive Officer & Director • Past Chair of Canopy • BC’s Innovation • Executive Chairman and • Over a decade of portfolio
Slide 30: Advisory Board
ADVISORY BOARD Bill Tai Brian Beattie Owais F. Qureshi, CFA • Silicon Valley VC for over 30 years; • Chief Financial Officer of Volaris • Director and Senior Portfolio Manager involved in 22 IPO’s; served on 8 public Group, a division of Constellation for the Canada Post Corporation company boards S
Slide 31: Corporate Structure & Key Attributes
CORPORATE STRUCTURE & KEY ATTRIBUTES (as of June 30, 2026) PROMETHEUS Common Shares Outstanding 15,681,815 (TSX:STCK) Warrants Outstanding (TSX:STCK.WT.A 1,626,559 TSX:STCK.WT.B TSX:STCK.WT.C) Book Value Per Share $20.25 (as of March 31, 2026) Investment Manager SC Partners Ltd. 1.5% Management $16.
Slide 32: Your key to investing in innovative pre-IPO companies
Your key to investing in some of the world’s most innovative and disruptive pre - IPO companies © 2026 Stack Capital 31