Sol Strategies Announces Option Grant

Rhea-AI Summary

Sol Strategies (CSE: HODL) (OTCQX: CYFRF) has announced a stock option grant effective January 31, 2025. The company granted a total of 400,000 stock options to certain directors and consultants, allowing them to purchase common shares at an exercise price of $4.91 per share. The options have a five-year exercise period, and the shares issued upon exercise will be subject to a four-month hold period from the original grant date. The company has filed a Form 11 with the CSE to reflect this option grant.

Positive

• Stock options granted at $4.91 per share, indicating management confidence in future growth potential
• Four-month hold period helps align long-term interests of directors and consultants with shareholders

Negative

• Potential dilution of existing shareholders if options are exercised
• Option grant represents additional compensation expense for the company

Toronto, Ontario--(Newsfile Corp. - February 4, 2025) - Sol Strategies Inc. (CSE: HODL) (OTCQX: CYFRF) (formerly, Cypherpunk Holdings Inc., "Sol Strategies" or the "Company"), a publicly traded, Canadian holding company that invests in the Solana blockchain and ecosystem, announces that it effective January 31, 2025, it granted an aggregate of 400,000 stock options to purchase common shares (the "Shares") in the capital of the Company exercisable at a price of $4.91 per Share for a period of five (5) years to certain directors and consultants of the Company (the "Option Grant"). The Shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.

In connection with the Option Grant, the Company filed a Form 11 with the CSE – Notice of Proposed Stock Option Grant or Amendment reflecting the exercise price of $4.91.

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 

SOURCE: Sol Strategies Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239638

FAQ

How many stock options did Sol Strategies (CYFRF) grant in January 2025?

Sol Strategies granted 400,000 stock options to directors and consultants on January 31, 2025.

What is the exercise price for Sol Strategies' (CYFRF) January 2025 stock options?

The exercise price for the stock options is $4.91 per share.

How long is the exercise period for Sol Strategies' (CYFRF) January 2025 stock options?

The stock options have a five-year exercise period.

What is the hold period for shares issued under Sol Strategies' (CYFRF) January 2025 option grant?

The shares issued upon exercise of the options are subject to a four-month hold period from the original grant date.