Abacus issues $5M Series A Convertible Preferred to acquire interest in Dynasty Financial

Abacus Global Management, Inc.

• Issued 5,000 shares of Series A Convertible Preferred to Dynasty Financial Holdings in exchange for 400,000 Class A Interests of Dynasty.
• Preferred has $1,000/share liquidation preference ($5M aggregate), 7.5% dividend rate payable in kind at company's option.
• Shares convertible into common at initial rate of 100 shares per $1,000 liquidation preference (effective ~$10 conversion price).
• Company may redeem shares after March 18, 2028; holders can require repurchase upon change of control.
• Series A ranks senior to common for dividends and liquidation; no common dividends unless equivalent paid on preferred.