Sol Strategies Announces Completion of Second Tranche Private Placement of CAD $2.5 Million
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) has completed its second tranche private placement financing of CAD $2.5 million, bringing the total gross proceeds to CAD $30 million paid in SOL tokens. The private placement consists of unsecured convertible debenture units, each comprising a CAD $1,000 principal debenture and 214 common share purchase warrants.
The debentures feature a 2.5% annual interest rate, payable semi-annually in cash or company shares, and are convertible into shares at CAD $4.66 per share. Warrants can be exercised at CAD $4.66 per share until January 24, 2030. The debentures are redeemable in cash after three years at 112% of principal value plus accrued interest. All issued shares will have a four-month and one-day trading restriction.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) ha completato la sua seconda tranche di finanziamento attraverso collocamento privato di 2,5 milioni di CAD, portando l'importo totale dei proventi lordi a 30 milioni di CAD pagati in token SOL. Il collocamento privato consiste in unità di obbligazioni convertibili non garantite, ciascuna composta da un'obbligazione principale di 1.000 CAD e 214 warrant di acquisto di azioni comuni.
Le obbligazioni presentano un tasso di interesse annuo del 2,5%, pagabile semestralmente in contante o in azioni della società, e sono convertibili in azioni a 4,66 CAD per azione. I warrant possono essere esercitati a 4,66 CAD per azione fino al 24 gennaio 2030. Le obbligazioni sono redimibili in contante dopo tre anni al 112% del valore nominale più gli interessi maturati. Tutte le azioni emesse avranno una restrizione di trading di quattro mesi e un giorno.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) ha finalizado su segunda tranche de financiación mediante colocación privada de 2.5 millones de CAD, llevando el total de ingresos brutos a 30 millones de CAD pagados en tokens SOL. La colocación privada consiste en unidades de obligaciones convertibles no garantizadas, cada una compuesta por una obligación principal de 1,000 CAD y 214 warrants de compra de acciones comunes.
Las obligaciones cuentan con un tasa de interés anual del 2.5%, pagadera semestralmente en efectivo o en acciones de la empresa, y son convertibles en acciones a 4.66 CAD por acción. Los warrants se pueden ejercer a 4.66 CAD por acción hasta el 24 de enero de 2030. Las obligaciones son redimibles en efectivo después de tres años al 112% del valor nominal más los intereses acumulados. Todas las acciones emitidas tendrán una restricción de negociación de cuatro meses y un día.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF)는 250만 캐나다 달러의 사모 배정 자금 조달 두 번째 분배를 완료했습니다, 총 총 수익금은 3000만 캐나다 달러로 SOL 토큰으로 지급됩니다. 사모 배정은 보장되지 않은 전환채권 단위로 구성되어 있으며, 각 단위는 1000 캐나다 달러의 원금 채권과 214개의 일반주 매수권으로 구성됩니다.
이 채권은 연 2.5%의 이자율을 가지며, 현금 또는 회사 주식으로 반기마다 지급되며, 주당 4.66 CAD로 주식으로 전환 가능합니다. 매수권은 2030년 1월 24일까지 주당 4.66 CAD에 행사할 수 있습니다. 이 채권은 3년 후 원금의 112%와 누적 이자를 포함하여 현금으로 상환 가능하며, 발행된 모든 주식은 4개월 1일의 거래 제한이 있습니다.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) a achevé sa deuxième tranche de financement par placement privé de 2,5 millions de CAD, portant le total des produits bruts à 30 millions de CAD payés en jetons SOL. Le placement privé se compose d'unités d'obligations convertibles non garanties, chacune comprenant une obligation principale de 1 000 CAD et 214 bons de souscription d'actions ordinaires.
Les obligations comportent un taux d'intérêt annuel de 2,5%, payable semestriellement en espèces ou en actions de la société, et sont convertibles en actions à 4,66 CAD par action. Les bons de souscription peuvent être exercés à 4,66 CAD par action jusqu'au 24 janvier 2030. Les obligations sont remboursables en espèces après trois ans à 112 % de la valeur nominale plus les intérêts courus. Toutes les actions émises auront une restriction de négociation de quatre mois et un jour.
Sol Strategies (CSE: HODL) (OTCQX: CYFRF) hat die zweite Tranche der Privatplatzierungsfinanzierung in Höhe von 2,5 Millionen CAD abgeschlossen, wodurch die gesamten Bruttoeinnahmen auf 30 Millionen CAD, die in SOL-Token ausgezahlt werden, steigen. Die Privatplatzierung besteht aus nicht besicherten wandelbaren Anleihe-Einheiten, die jeweils aus einer Hauptanleihe von 1.000 CAD und 214 Optionsscheinen auf Aktien bestehen.
Die Anleihen weisen einen jährlichen Zinssatz von 2,5% auf, der halbjährlich in bar oder in Aktien des Unternehmens ausgezahlt wird, und sind zu einem Aktienpreis von 4,66 CAD wandelbar. Die Optionsscheine können bis zum 24. Januar 2030 zu 4,66 CAD pro Aktie ausgeübt werden. Die Anleihen können nach drei Jahren für 112% des Nennwerts zuzüglich aufgelaufener Zinsen in bar eingelöst werden. Alle ausgegebenen Aktien unterliegen einer Handelsbeschränkung von vier Monaten und einem Tag.
- Total gross proceeds of CAD $30 million strengthens company's SOL treasury
- Long-term financing secured with 5-year warrant term until 2030
- No finder's fees paid, reducing transaction costs
- Potential dilution from convertible debentures and warrants at CAD $4.66 per share
- Additional debt burden with 2.5% annual interest rate
- 112% redemption premium after three years increases liability
Toronto, Ontario--(Newsfile Corp. - January 24, 2025) - Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) ("Sol Strategies" or the "Company"), a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced the completion of its second tranche private placement financing of CAD
The Private Placement will consist of unsecured convertible debenture units ("CD Units") for gross proceeds of CAD
About Sol Strategies
Sol Strategies is a publicly traded Canadian company actively investing in, supporting, and providing infrastructure for the Solana blockchain and ecosystem. The Company focuses on leveraging investment opportunities in staking rewards and Solana-based projects, enabling shareholders to indirectly participate in the decentralized finance landscape. Sol Strategies is headquartered in Toronto, Canada, and is publicly listed on the Canadian Securities Exchange under the ticker "HODL" and on the OTC market under the ticker "CYFRF".
To learn more about Sol Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's SEDAR+ profile at www.sedarplus.ca.
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking statements in this news release include statements regarding the completion of the Private Placement and its intended impact on the Company. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Disclaimer:
Sol Strategies is an independent organization in the Solana ecosystem. Sol Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with Sol Strategies.
None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by Sol Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
Officer/Director Contact:
Doug Harris
Chief Financial Officer
doug@solstrategies.io
Tel: 416-480-2488
SOURCE: Sol Strategies
Media contact: sol@kcsa.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238302
FAQ
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