The Brooker Group Public Company Limited

Wave Exponential Public Company Limited, or WAVE, has announced the allotment of 3,820,979,033 new ordinary shares to existing shareholders on a pro-rata basis, at a ratio of 3 existing ordinary shares to 1 new ordinary share, at an offering price of 0.04 baht per share, for a total value of not more than 152,839,161.32 baht. The record date for shareholders entitled to subscribe to the new shares is set for September 24, 2026, with the subscription and payment period running from October 14 to 20, 2026. Shareholders may subscribe for more than their entitlement if shares remain after the full allotment to existing shareholders who subscribed to their full entitlement. In addition, WAVE is allotting a further 1,910,489,517 new ordinary shares to accommodate the exercise of the fifth series of warrants to purchase ordinary shares, or WAVE-W5, which are given free of charge to existing shareholders who subscribe and pay for the new shares on a pro-rata basis, at a ratio of 2 new shares to 1 warrant unit. Each WAVE-W5 unit entitles the holder to purchase 1 ordinary share at an exercise price of 0.05 baht per share, with an exercise period of 3 years from the warrant issuance date. Meanwhile, WAVE's latest shareholder structure shows that several well-known major investors rank among the top 10 shareholders, and some hold the same stock in their investment portfolios, making it worth watching whether these major investor groups will exercise their rights to subscribe to WAVE's new shares this time. The top 10 shareholders are: Brooker Group Public Company Limited with 1,020,308,442 shares, or 8.90%; THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SINGAPORE BRANCH with 818,532,855 shares, or 7.14%; Mrs. Jarunee Chinwongworakul with 684,638,775 shares, or 5.97%; Mr. Sura Kanitthaweekul with 588,223,400 shares, or 5.13%; QUAM SECURITIES LIMITED A/C CLIENT with 520,845,267 shares, or 4.54%; Thanwarin Company Limited with 435,640,400 shares, or 3.80%; Miss Thanika Tangpoonphonwiwat with 373,454,055 shares, or 3.26%; Mr. Thananon Triamchanchai with 370,000,000 shares, or 3.23%; Mr. Noppadol Khemayothin with 296,000,000 shares, or 2.58%; and Mr. Anek Wongphaithoonpiya with 280,613,400 shares, or 2.45%.

Bitcoin's price rebounded strongly from a base of around 62,000 US dollars per BTC after mid-August 2026, rising to test above 81,000 US dollars per BTC as of 25 August 2026. This led five Thai stocks, namely BTC, TTA, JTS, XPG and ZIGA, to be speculated on along with the trend. Mr. Piriya Samphantharak, a Bitcoin expert, said the price in this cycle may still not break the previous year's high of 97,900 US dollars per BTC because trading volume slowed after the initial period. Meanwhile, Mr. Wongsakorn Nakasomboon, fund manager at Merkle Capital Company Limited, views the key short-term technical resistance at around 88,000 US dollars per BTC, with key support levels at 72,000, 70,000 and 68,000 US dollars respectively, supported by ETF funds and progress on the United States' strategic Bitcoin reserve policy. Mr. Korn Hathaisattha, CFA, IAA, head of investment strategy for retail research at CGS International Securities Thailand Company Limited, warned that stocks in this group are high-risk speculation and prices have already risen a lot, even though some companies, especially BTC or Brooker Group Public Company Limited, have already reduced their Bitcoin holdings. Mr. Supakit Ngamjitjaroen, chief executive officer of Ziga Innovation Public Company Limited or ZIGA, revealed that the company still believes in long-term investment in Bitcoin, and the price increase may allow the company to turn around and record a profit in the third quarter after a loss from mark-to-market valuation of about 3 to 4 million baht in the second quarter.