X0202 SCHEDULE 13G 0000949509 XXXXXXXX LIVE Class A common stock, par value $0.00001 09/30/2026 0002007691 Ionic Digital Inc. 462210105 650 Massachusetts Avenue NW, 6th Floor Washington DC 20001 Rule 13d-1(d) Oaktree Capital Management, L.P. DE 0.00 3541777.00 0.00 3541777.00 3541777.00 7.72 PN The reported securities represent (i) 2,636,119 shares of Class A common stock ("Common Stock") and (ii) 905,658 shares of Common Stock issuable upon exercise of an equivalent number of warrants. The reported percentage is calculated based on 44,996,175 shares of Common Stock outstanding as of September 30, 2026, as reported in Exhibit 99.1 to the Issuer's 8-K filed with the SEC on November 4, 2026, as increased by 905,658 shares of Common Stock issuable upon exercise of an equivalent number of warrants. Oaktree Capital Management GP, LLC DE 0.00 3541777.00 0.00 3541777.00 3541777.00 7.72 OO The reported securities represent (i) 2,636,119 shares of Common Stock and (ii) 905,658 shares of Common Stock issuable upon exercise of an equivalent number of warrants. The reported percentage is calculated based on 44,996,175 shares of Common Stock outstanding as of September 30, 2026, as reported in Exhibit 99.1 to the Issuer's 8-K filed with the SEC on November 4, 2026, as increased by 905,658 shares of Common Stock issuable upon exercise of an equivalent number of warrants. Ionic Digital Inc. 650 Massachusetts Avenue NW, 6th Floor, Washington, District of Columbia 20001 This Statement is being jointly filed by the persons below pursuant to Rule 13d-1(k) promulgated by the SEC pursuant to Section 13 of the Act, whom together are referred to herein as the "Reporting Persons": (i) Oaktree Capital Management, L.P. ("OCM"); and (ii) Oaktree Capital Management GP, LLC ("OCM GP"). 333 S. Grand Ave., 28th Floor, Los Angeles, CA 90071 See response to row 4 on each cover page hereto. Y See response to row 9 on each cover page hereto. The reported securities include (i) 2,636,119 shares of Common Stock and (ii) 905,658 warrants directly held by funds and accounts managed by OCM, pursuant to an investment management agreement that gives OCM voting and dispositive power over all of the securities held by such fund or account. The general partner of OCM is OCM GP. Accordingly, each of OCM and OCM GP may be deemed to share voting and dispositive power with respect to the reported securities. The filing of this Statement shall not be deemed an admission of beneficial ownership by the Reporting Persons for purposes of Section 13(d) or 13(g) or for any other purpose. See response to row 11 on each cover page hereto. See response to row 5 on each cover page hereto. See response to row 6 on each cover page hereto. See response to row 7 on each cover page hereto. See response to row 8 on each cover page hereto. Y Y Y Y Y Y Exhibit A - Joint Filing Agreement, dated as of November 13, 2026 by and among the Reporting Persons. Oaktree Capital Management, L.P. /s/ Henry Orren 11/13/2026 Oaktree Capital Management GP, LLC /s/ Henry Orren 11/13/2026