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REG - TAO Alpha PLC - Proposed Board Appointment

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RNS Number : 9279P  TAO Alpha PLC  07 July 2025

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

FOR IMMEDIATE RELEASE

7 July 2025

Tao Alpha PLC

(To be renamed Satsuma Technology PLC)

Appointment of Leading Bitcoin Treasury Strategist to the Board

Henry Elder of UTXO Management to Join Tao Alpha as Non-Executive Director

Tao Alpha PLC ("Tao" or "the Company"), a public company pioneering the
convergence of Bitcoin treasury strategy and decentralized AI, is pleased to
announce the proposed appointment of Henry Elder as a Non-Executive Director.
Mr. Elder is expected to join the Board following the departure of Mark
Rutledge.

Henry Elder brings an unparalleled level of experience at the intersection of
Bitcoin infrastructure, capital markets, and institutional digital asset
strategy. As a key member of UTXO Management, a premier asset management and
advisory firm within the BTC, Inc. ecosystem, he provides unique strategic
value. As the world's largest Bitcoin media company and parent to Bitcoin
Magazine and The Bitcoin Conference, BTC, Inc. offers an unmatched platform
for industry access and thought leadership. At UTXO, Henry has helped shape
and execute BTC treasury strategies for numerous public and private companies
across the United States, Canada, Japan and Europe. His leadership and insight
have positioned him as one of the most trusted names in institutional Bitcoin
adoption.

Henry's previous experience includes building and leading a $1.5 billion
digital asset treasury and wealth management platform as a Managing Director
at Wave Digital Assets. There, he provided strategic treasury guidance to
major blockchain foundations like Polygon and Cardano, before founding and
growing the firm's Decentralized Finance (DeFi) practice to over $250 million
in sophisticated DeFi yield strategies. This work in structuring bespoke,
yield-generating investment programs for institutional-grade partners directly
informs his current focus on applying advanced treasury strategies for
corporate bitcoin balance sheets.

Tao's Chairman, Matt Lodge, commented: "I would first like to thank Mark
Rutledge for his contributions to Tao and for his support throughout our
transition to a listed digital asset and AI platform. His leadership has
helped lay the foundation for the Company we are building today, and we wish
him every success in the future.

"At the same time, I am thrilled to welcome Henry Elder to the Board. UTXO has
a proven track record of identifying market leaders in the UK, and Henry's
work has positioned him as one of the foremost thinkers globally when it comes
to corporate Bitcoin treasury strategy. He brings rare insight into how
institutions can responsibly and creatively integrate bitcoin into their
balance sheets and strategic frameworks. Furthermore, his deep on-chain DeFi
expertise will be invaluable as we design compelling AI products and incentive
mechanisms for our Bittensor subnets. His appointment marks a major milestone
in our ambition to be the UK's leading BTC treasury and decentralized AI
company. The value Henry brings will be immediately felt as we pursue new
capital partnerships, on-chain innovation, and long-term value creation for
shareholders."

Henry Elder, proposed Non-Executive Director of the Company, added: "Our work
in the UK has shown us it is one of the world's primary hubs for corporate
Bitcoin adoption, and the incredible success of The Smarter Web Company on
Aquis proved the model. I am thrilled to join the Tao board to support the
essential work of bringing a premier Bitcoin treasury strategy to the London
Stock Exchange. Establishing a flagship on the UK's main market is the vital
next step in this market's evolution, and I look forward to supporting our
entire UK portfolio as they lead the London financial markets."

The appointment of Henry Elder is subject to the completion of customary due
diligence checks by the Company's advisers. A further announcement will be
made in due course, including any disclosures required under UK Listing Rule
6.4.8, should they be applicable.

ENDS

Enquiries:

 Tao Alpha PLC                                                 Tel: +44 (0)20 3855 8888

 Matt Lodge, Chairman
 Yellow Jersey PR

 Charles Goodwin / Annabelle Wills                             Tel: +44 (0)7747 788 221 / +44 (0)7775 194 357

 First Sentinel Corporate Finance Limited - Financial Adviser

 Brian Stockbridge                                             Tel: +44 (0) 20 3855 5551
 Fortified Securities - Broker

 Guy Wheatley                                                  Tel: +44 (0) 7493 989014

About Tao Alpha PLC (SATS.L) Headquartered in London, Tao is a publicly listed
technology company focused on Bitcoin-native treasury management and
decentralized artificial intelligence. The Company operates a treasury-first
model, aligning itself with the most secure monetary network in
history-Bitcoin-while building and investing in AI-based decentralized
infrastructure and applications across the Bittensor ecosystem and beyond.

Website: www.satsuma.digital (http://www.satsuma.digital)

 

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.   END  BOARFMRTMTAMBLA

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