NUSD and sNUSD holders may now submit redemption requests through the official Neutrl Redemption Portal subject to the applicable terms and conditions. The Redemption Program provides NUSD and sNUSD holders with a fixed redemption rate based on Neutrl’s previously disclosed liquid reserves. Users who complete a redemption will receive USDC, and the corresponding NUSD or sNUSD will be burned. To submit a redemption request, users must connect the wallet holding their NUSD or sNUSD and sign an onchain message to verify ownership of the wallet. The portal will provide the applicable redemption details before a redemption is submitted. The Redemption Program is expected to remain open until 14 November 2026, subject to the applicable terms and conditions. Users are encouraged to carefully review the full terms and conditions available on the Redemption Portal before submitting a redemption request. The redemption contract has been reviewed by a third-party security auditor. Users should verify that they are interacting only with the official Neutrl Redemption Portal URL before connecting a wallet, signing a message, or submitting a transaction. redeem.neutrl.finance/ Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.

NUSD and sNUSD holders may now submit redemption requests through the official Neutrl Redemption Portal subject to the applicable terms and conditions. The Redemption Program provides NUSD and sNUSD holders with a fixed redemption rate based on Neutrl’s previously disclosed liquid reserves. Users who complete a redemption will receive USDC, and the corresponding NUSD or sNUSD will be burned. To submit a redemption request, users must connect the wallet holding their NUSD or sNUSD and sign an onchain message to verify ownership of the wallet. The portal will provide the applicable redemption details before a redemption is submitted. The Redemption Program is expected to remain open until 14 November 2026, subject to the applicable terms and conditions. Users are encouraged to carefully review the full terms and conditions available on the Redemption Portal before submitting a redemption request. The redemption contract has been reviewed by a third-party security auditor. Users should verify that they are interacting only with the official Neutrl Redemption Portal URL before connecting a wallet, signing a message, or submitting a transaction. redeem.neutrl.finance/ Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.

NUSD and sNUSD holders may now submit redemption requests through the official Neutrl Redemption Portal subject to the applicable terms and conditions. The Redemption Program provides NUSD and sNUSD holders with a fixed redemption rate based on Neutrl’s previously disclosed liquid reserves. Users who complete a redemption will receive USDC, and the corresponding NUSD or sNUSD will be burned. To submit a redemption request, users must connect the wallet holding their NUSD or sNUSD and sign an onchain message to verify ownership of the wallet. The portal will provide the applicable redemption details before a redemption is submitted. The Redemption Program is expected to remain open until 14 November 2026, subject to the applicable terms and conditions. Users are encouraged to carefully review the full terms and conditions available on the Redemption Portal before submitting a redemption request. The redemption contract has been reviewed by a third-party security auditor. Users should verify that they are interacting only with the official Neutrl Redemption Portal URL before connecting a wallet, signing a message, or submitting a transaction. redeem.neutrl.finance/ Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.

The team became aware of an issue affecting a position held within the strategy that is affecting the liquidity of a portion of the protocol's reserves. In the interest of users, and after consulting with legal counsel, the relevant smart contracts were promptly paused. This was not the result of a smart contract exploit, hack, or code vulnerability. The protocol currently holds approximately $27M in available liquid assets, and continues to hold additional positions and associated PnL as part of the strategy which are not presently liquid. We cannot at this stage confirm the timing, amount, or recovery value associated with these positions. Unwinding and recovering the remaining book will be a time-consuming process, and at this stage we cannot confirm the amount or timing of any recovery. In response to user requests for liquidity, Neutrl will be opening an early redemption mechanism for NUSD and sNUSD holders — that on advice from legal — would be structured to treat all holders equitably. Full details and terms, will be provided ahead of any redemption start date. Neutrl is targeting early September, subject to completion of a successful deployment of a new redemption contract, independent contract audit and further legal and financial review. This timeline may change. Neutrl is working with legal counsel to pursue the best outcome available for users. We strongly recommend against trading NUSD or sNUSD tokens at this time while the situation is being assessed, as it may affect user recovery. Please rely only on announcements from Neutrl's official accounts and remain vigilant against malicious actors, impersonation, and phishing attempts. Further updates will follow. Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.

The team became aware of an issue affecting a position held within the strategy that is affecting the liquidity of a portion of the protocol's reserves. In the interest of users, and after consulting with legal counsel, the relevant smart contracts were promptly paused. This was not the result of a smart contract exploit, hack, or code vulnerability. The protocol currently holds approximately $27M in available liquid assets, and continues to hold additional positions and associated PnL as part of the strategy which are not presently liquid. We cannot at this stage confirm the timing, amount, or recovery value associated with these positions. Unwinding and recovering the remaining book will be a time-consuming process, and at this stage we cannot confirm the amount or timing of any recovery. In response to user requests for liquidity, Neutrl will be opening an early redemption mechanism for NUSD and sNUSD holders — that on advice from legal — would be structured to treat all holders equitably. Full details and terms, will be provided ahead of any redemption start date. Neutrl is targeting early September, subject to completion of a successful deployment of a new redemption contract, independent contract audit and further legal and financial review. This timeline may change. Neutrl is working with legal counsel to pursue the best outcome available for users. We strongly recommend against trading NUSD or sNUSD tokens at this time while the situation is being assessed, as it may affect user recovery. Please rely only on announcements from Neutrl's official accounts and remain vigilant against malicious actors, impersonation, and phishing attempts. Further updates will follow. Disclaimer: Neutrl is operated by Caverna Auctus Inc. This communication contains forward-looking statements, including as to timing, amounts, and recovery outcomes, which are estimates only and subject to change without notice. Nothing herein constitutes a guarantee of any specific outcome, financial, investment, or legal advice, or an offer or solicitation with respect to any token. All rights reserved.