September 15, 2026 (Toronto, Ontario) – TheNewswire - Michael Wekerle (the “Acquiror”) announces updated holdings in Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) (“Orion”) and corrections to his early warning report and related news release dated May 12, 2026. Through Wek Corp., the Acquiror acquired control or direction over an aggregate of 441,900 common shares of Orion (the “Common Shares”) at a weighted average price of approximately C$1.4208 per Common Share for aggregate consideration of approximately C$627,845.20 (the “Acquisitions”).

 

The Acquisitions were completed on August 28, 2026, and September 11, 2026, over the facilities of the Toronto Stock Exchange and certain alternative markets where the Common Shares are posted for trading.

 

Immediately prior to completion of the Acquisitions, the Acquiror beneficially owned, or exercised control or direction over, 2,503,270 Common Shares, representing approximately 10.53% of the issued and outstanding Common Shares on a non-diluted basis. Immediately following completion of the Acquisitions, the Acquiror beneficially owned, or exercised control or direction over, 2,945,170 Common Shares, representing approximately 12.38% on the same basis, an increase of approximately 1.85%. These percentages are based on 23,781,198 Common Shares outstanding as of June 30, 2026, as disclosed in Orion’s interim financial statements for that period.

 

The Acquiror’s early warning report and related news release dated May 12, 2026 reported holdings following purchases on May 6 and 7, 2026 of 2,420,959 Common Shares, or approximately 10.13% on a non-diluted basis. Following a reconciliation across registered holders and brokerage accounts, the corrected holdings following those purchases were 2,347,959 Common Shares, or approximately 9.83% on a non-diluted basis. Based on such corrected historical Common Share balance, the Acquiror’s ownership in the Common Shares following the Acquisitions represents a change of greater than 2% on a non-diluted basis since the acquisitions completed on May 6 and 7, 2026. Further details of the historical corrections are set out in the early warning report to be filed in connection with this news release.

 

The Common Shares were acquired for investment purposes. The Acquiror may acquire additional securities of Orion, including on the open market or through private acquisitions, or sell securities of Orion, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors. The Acquiror currently has no other plans or intentions that relate to or would result in the matters listed in clauses (b) to (k) of Item 5 of the early warning report to be filed by the Acquiror in connection with this news release. Depending on market conditions, general economic and industry conditions, Orion’s business and financial condition and/or other relevant factors, the Acquiror may develop such plans or intentions in the future.

 

An early warning report correcting the prior disclosure and reporting the updated holdings described above will be filed under Orion’s profile on SEDAR+ at www.sedarplus.ca. A copy may also be obtained by contacting the Acquiror at the address below.

 

For further information, please contact:

 

Michael Wekerle

3 New Street
Toronto, ON
416-918-6234

mwekerle1@icloud.com