20. Equity Line of Credit (ELOC) Arrangement

On September 4, 2025, the Company entered into a common share purchase agreement with White Lion Capital, LLC (“White Lion”), which provides the Company with the right, but not the obligation, to issue and sell common shares to White Lion for aggregate gross proceeds of up to $250 million, subject to the terms, conditions and limitations of the agreement.

In consideration for White Lion’s execution and delivery of, and agreement to perform under, the ELOC agreement, the Company was required to deliver INJ tokens having an aggregate value of $1,500,000 to White Lion. The commitment fee was non-refundable, was fully earned by White Lion upon execution of the agreement, and is not contingent upon the Company filing a registration statement, issuing purchase notices, selling common shares or receiving proceeds under the facility. The commitment fee will not be credited against the purchase price of any common shares subsequently sold under the ELOC.

Management concluded that the commitment fee represents a stand-ready financing cost incurred to obtain White Lion’s commitment under the ELOC arrangement. Because the fee was non-refundable, fully earned upon execution and was not directly attributable to a specific completed or probable issuance of common shares, the Company recognized the full $1,500,000 as financing expense during the nine months ended May 31, 2026.

As of May 31, 2026, the Company had not filed the registration statement contemplated by the agreement within the contractual timeframe and, therefore, had not satisfied the conditions necessary to access the facility. The Company had not issued any purchase notices or common shares to White Lion and had not received any proceeds under the arrangement. The Company continues to evaluate its capital raising alternatives, including discussions with White Lion regarding the timing and implementation of the ELOC and any related amendments or accommodations that may be appropriate.