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GLOBAL UAV TECHNOLOGIES — Share Issue/Capital Change 2026
Mar 11, 2026
44073_rns_2026-03-11_ac95dff7-8cf8-4bb6-ade4-2495b1c0ed2c.pdf
Share Issue/Capital Change
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51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Global UAV Technologies Inc. (the “ Company ”) 488 - 1090 West Georgia Street Vancouver, British Columbia, V6E 3V7
Item 2 Date of Material Change
March 11, 2026
Item 3 News Release
The news release dated March 5, 2026 was disseminated through Market News and StockWatch on March 5, 2026 and the news release dated March 6, 2026 was disseminated through Market News and StockWatch on March 6, 2026 .
Item 4
Summary of Material Change
On March 5, 2026, the Company announced that it is undertaking a forward split of all of its issued and outstanding shares (the “ Shares ”) on the basis of one (1) pre-split Share being split into two and one-half (2.5) post-split Shares (the “ Forward Split ”).
Item 5 Full Description of Material Change
On March 5, 2026, the Company announced that it is undertaking the Forward Split, with any fractional Shares resulting from the Forward Split that are at least one-half (1/2) of one (1) Share being rounded up to one (1) whole Share. Subject to Canadian Securities Exchange (“ CSE ”) approval, all shareholders of record on March 11, 2026 (the “ Record Date ”) were entitled to receive one and one-half (1.5) additional Shares for each existing Share held pursuant to the Forward Split. The Company undertook the Forward Split in order to make the capital structure more attractive for potential acquisitions and financings.
As per CSE Policy 9, the Forward Split was conducted on a “push-out” basis, and therefore the CUSIP number for the Shares remained unchanged. DRS statements for the additional Shares resulting from the Forward Split were sent to the shareholders as of the Record Date by the Company’s Transfer Agent, Endeavour Trust Company. Shareholders of the Company do not need to take any action with respect to the Forward Split. The Forward Split will not materially affect the percentage ownership in the Company of shareholders even though such ownership will be represented by a larger number of Shares.
Prior to the Forward Split, the Company had 17,479,491 Shares issued and outstanding. Upon completion of the Forward Split, the Company has 43,698,728 Shares outstanding. The Shares commenced trading on a post-Forward Split basis under the existing stock trading symbol “UAV” effective at the opening of markets on March 11, 2026.
Outstanding stock options and share purchase warrants were also adjusted by the Forward Split ratio and the respective exercise prices of outstanding stock options and share purchase warrants adjusted accordingly.
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Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
None
Item 8 Executive Officer
Ron Schmitz, CEO, (604) 685-7450
Item 9 Date of Report
March 11, 2026