Lite Strategy authorizes $25M share repurchase; director Reynolds resigns

Lite Strategy, Inc.

Board authorized $25M share repurchase program, effective immediately, through open market or negotiated transactions.
Company holds ~1M Litecoin treasury; buyback used at discount to mNAV; ATM used at premium to acquire more Litecoin.
Director Thomas C. Reynolds, M.D., Ph.D. resigns effective Nov 4, 2025; no disagreement with company.
Repurchase program is not obligated and may be suspended; finances via working capital; possible 10b5-1 plan.

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