SCHEDULE: Geneva Insurance Group Discloses 6.4% Stake in BTQ Technologies

Geneva Insurance Group (Barbados) Inc. has reported a 6.4% beneficial ownership stake in BTQ Technologies Corp., holding 8,908,500 common shares.

Summary

• Geneva Insurance Group (Barbados) Inc. (the "Reporting Person") has filed a Schedule 13G, disclosing beneficial ownership of common shares in BTQ Technologies Corp. (the "Issuer").
• The Reporting Person beneficially owns 8,908,500 common shares of BTQ Technologies Corp.
• This ownership represents 6.4% of the Issuer's total outstanding common shares.
• The percentage is calculated based on 140,025,930 total outstanding shares as of November 14, 2025, as reported in the Issuer's Form 6-K.
• Geneva Insurance Group (Barbados) Inc. has sole voting power and sole dispositive power over all 8,908,500 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the Issuer.
• The Reporting Person is classified as an insurance company, and its foreign regulatory scheme is certified as substantially comparable to U.S. institutions.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive institutional stake is generally viewed as a positive signal of confidence in the company's prospects, without indicating any immediate operational changes or financial performance.

Positives

• A significant institutional investor, Geneva Insurance Group (Barbados) Inc., has disclosed a 6.4% beneficial ownership stake in BTQ Technologies Corp., indicating institutional interest.
• The Reporting Person certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive, long-term investment perspective.

Future Outlook

The filing does not provide a future outlook for BTQ Technologies Corp. or specific forward-looking guidance. It primarily discloses a current beneficial ownership stake.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
• "By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to insurance companies is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."

Industry Context

This filing represents a standard disclosure by an institutional investor, an insurance company, indicating a passive investment in a publicly traded company. Such disclosures are common when an entity crosses the 5% beneficial ownership threshold, signaling institutional interest without implying an active role in management or control.

Stakeholder Impact

• Shareholders of BTQ Technologies Corp. may view the disclosure of a 6.4% stake by an institutional investor as a positive indicator of market confidence and potential long-term stability.
• The company's management might see this as validation of their strategy, attracting further institutional interest.

Key Dates

Recommendation

Geneva Insurance Group's disclosure of a 6.4% passive stake in BTQ Technologies Corp. indicates institutional confidence. While not an active investment for control, it suggests a positive view on the company's long-term prospects, warranting a 'hold' recommendation for existing investors. The filing itself does not provide enough new information to justify a 'buy' or 'sell' recommendation, but the institutional interest could provide a floor for the stock.

Keywords

BTQ Technologies Corp., Geneva Insurance Group (Barbados) Inc., Schedule 13G, beneficial ownership, common shares, institutional investment, SEC filing, passive stake