Parataxis Holdings Signs Agreement To Acquire Controlling Stake In Sinsiway For KRW35B

Parataxis Holdings LLC ("Parataxis Holdings"), an affiliate of Parataxis Capital Management LLC ("Parataxis Capital" or "PCM"), together with other affiliated entities, has entered into a definitive agreement with Sinsiway Co. Ltd. (KOSDAQ: 290560) ("Sinsiway" or the "Company") in a transaction valued up to KRW 35 billion, which would result in Parataxis Holdings affiliates holding a controlling interest in the Company (the "Transaction"). Following the closing of the Transaction, the Company intends to change its corporate name to Parataxis ETH, Inc. and remain listed on the KOSDAQ. The Transaction is subject to closing conditions.

The Transaction would result in the creation of South Korea's first Ethereum-based treasury platform listed on South Korean public markets, that is anchored by US-based institutional investors with significant experience in managing digital asset investments.

As part of the Transaction, Edward Chin, Founder and CEO of Parataxis Holdings, and Co-Founder & CEO of Parataxis Capital, will be joining the Board of Directors of the Company. Michael Myunghoon Lee, of Com2uS and CRIT Ventures, will assume the role of CEO of the Company.