Early Investor Liquidity Program Results

Monad Foundation recently completed a liquidity program under which the Foundation offered to buy locked MON from certain early investors in Monad at a discount reflecting the applicable four-year lock-up. Any MON purchased by the Foundation through the liquidity program remains subject to the same lock-up. The program was capped at $60 million in aggregate purchase consideration.

The program was intended to provide an orderly liquidity option for early investors whose liquidity needs or investment objectives had changed and to support long-term alignment among the remaining holder base.

Nearly all holders approached declined to participate, and the program has now concluded.

For clarity, Monad Foundation has not sold, offered to sell, or sought to sell any MON via OTC or otherwise and is not currently engaged in any process to do so. Any suggestion to the contrary is incorrect.