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Sol Strategies Announces Option Grant

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Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), a Canadian holding company focused on Solana blockchain investments, has granted 279,500 stock options to a director. The options allow for the purchase of common shares at $2.02 per share and will expire on October 28, 2029. The common shares issued upon exercise will be subject to a four-month hold period from the grant date.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), una società di holding canadese focalizzata sugli investimenti nella blockchain di Solana, ha concesso 279.500 opzioni su azioni a un direttore. Le opzioni consentono l'acquisto di azioni ordinarie a 2,02 $ per azione e scadranno il 28 ottobre 2029. Le azioni ordinarie emesse a seguito dell'esercizio delle opzioni saranno soggette a un periodo di blocco di quattro mesi dalla data di concessione.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), una empresa de holding canadiense centrada en inversiones en la blockchain de Solana, ha otorgado 279,500 opciones sobre acciones a un director. Las opciones permiten la compra de acciones ordinarias a $2.02 por acción y vencerán el 28 de octubre de 2029. Las acciones ordinarias emitidas al ejercicio estarán sujetas a un período de retención de cuatro meses a partir de la fecha de concesión.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF)는 솔라나 블록체인 투자에 중점을 둔 캐나다의 홀딩 회사로, 한 이사를 위해 279,500 주식 옵션을 부여했습니다. 이 옵션은 주당 2.02 달러에 보통주를 구매할 수 있는 권리를 허용하며, 2029년 10월 28일에 만료됩니다. 행사 후 발행되는 보통주는 부여일로부터 4개월 동안의 보유 기간을 가집니다.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), une société holding canadienne spécialisée dans les investissements dans la blockchain Solana, a accordé 279 500 options d'achat d'actions à un directeur. Les options permettent l'achat d'actions ordinaires à 2,02 $ par action et expireront le 28 octobre 2029. Les actions ordinaires émises lors de l'exercice seront soumises à une période de blocage de quatre mois à compter de la date d'octroi.

Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF), ein kanadisches Holdingunternehmen, das auf Investitionen in die Solana-Blockchain fokussiert ist, hat einem Direktor 279.500 Aktienoptionen gewährt. Die Optionen ermöglichen den Kauf von Stammaktien zu einem Preis von 2,02 $ pro Aktie und laufen am 28. Oktober 2029 ab. Die bei Ausübung ausgegebenen Stammaktien unterliegen einem Sperrfrist von vier Monaten ab dem Datum der Gewährung.

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  • None.
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  • Stock option grant of 279,500 shares at $2.02 represents potential dilution for existing shareholders

Toronto, Ontario--(Newsfile Corp. - October 29, 2024) - Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) (formerly, Cypherpunk Holdings Inc., "Sol Strategies" or the "Company"), a publicly traded, Canadian holding company that invests in the Solana blockchain and ecosystem, is pleased to announce that it has granted 279,500 stock options to purchase 279,500 common shares (each a, "Common Share") of the Company at a price of $2.02 per Common Share, expiring on October 28, 2029 to a director of the Company. The Common Shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

About Sol Strategies

Sol Strategies is a publicly traded holding company committed to the continued development of the Solana blockchain and ecosystem through its private equity and financial markets activities. Sol Strategies seeks to leverage investment opportunities in staking rewards and Solana-based projects, allowing shareholders to indirectly participate in decentralized finance. The Company 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 change report 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. Generally, any statements that are not historical facts may contain forward-looking information and forward-looking information can 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 company's future investing plans and staking plans. 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.

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: solstrategies@mgroupsc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228217

FAQ

How many stock options did Sol Strategies (CYFRF) grant in October 2024?

Sol Strategies (CYFRF) granted 279,500 stock options to a director at an exercise price of $2.02 per share.

What is the exercise price of Sol Strategies (CYFRF) October 2024 stock options?

The exercise price for the stock options granted by Sol Strategies (CYFRF) is $2.02 per common share.

When do Sol Strategies (CYFRF) October 2024 granted stock options expire?

The stock options granted by Sol Strategies (CYFRF) expire on October 28, 2029.

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