Spetz Inc Stock Price, News & Analysis

SonicStrategy (CSE:SPTZ, OTC:DBKSF) has expanded its digital asset portfolio by acquiring 2M additional Sonic tokens, bringing total holdings to 6M tokens, along with 3.7 BTC for approximately $1.5M CAD. The company launched its first institutional validator on the Sonic blockchain, listed as Validator #45, which processes transactions and maintains network consensus. The validator currently generates a 4.62% yield on staked tokens and will earn 15% from third-party delegations. SonicStrategy plans to deploy capital into DeFi strategies within the Sonic ecosystem, targeting a 20% blended yield. The company is working to close the second tranche of its $10M financing at $0.50 per unit, including warrants at $0.75.

Spetz Inc. (CSE:SPTZ, OTC:DBKSF) has completed its first week of strategic digital asset accumulation, purchasing 3.35 million Sonic tokens at an average cost of $0.56 CAD ($0.41 USD) per token, totaling $1.87m CAD. The company's total Sonic token holdings now stand at 3.9 million. This initiative follows the divestiture of their legacy business, marking a strategic shift towards supporting the Sonic blockchain ecosystem. Additionally, Spetz has issued 3.15 million stock options at $0.81 exercise price, distributed among officers (1M), directors (375K), and consultants/advisors (1.775M), with a 10-year term and 24-month quarterly vesting schedule.

Spetz Inc. (CSE:SPTZ, OTC:DBKSF) has announced the sale of its legacy Spetz app platform business to Mr. Josepf Nevo for CDN$1.00. The divestiture includes all associated liabilities and subsidiaries, including Spetz Tech Ltd. The transaction represents a strategic pivot as the company focuses entirely on its blockchain infrastructure subsidiary, SonicStrategy Inc. As part of the deal, Mr. Nevo and Mr. Ofir Friedman agreed to release the company from approximately $476,400 USD in outstanding debts and obligations. The transaction, while considered a related party transaction due to Mr. Nevo's position in the legacy entities, is exempt from formal valuation and minority approval requirements under MI 61-101. This strategic move allows Spetz to streamline operations and concentrate on expanding its presence in the Sonic blockchain ecosystem through validator infrastructure, staking, and DeFi strategy deployment.

Spetz Inc (CSE:SPTZ)(OTC:DBKSF) has completed the first tranche of its non-brokered private placement, raising $7.35 million through the issuance of 14.7 million units at $0.50 per unit. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at $0.75 for 24 months. The company may raise up to an additional $2.65 million through subsequent closings until June 23, 2025.

The proceeds will fund working capital, validator expansion, and blockchain infrastructure growth initiatives. Notable investors include Canaccord Genuity Financial, Russell Star, Haywood Securities, and Sonic Labs. The company paid $315,812 in cash commissions and issued 719,524 finder's warrants to seven securities dealers.

Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) has issued a retraction and clarification of its May 14th news release regarding a strategic partnership with Sonic Labs. The company clarifies that while there have been ongoing discussions and verbal commitments with Sonic Labs, no formal agreement has been signed. The previously announced collaboration was only a non-binding verbal agreement from early May 2025 focused on growing institutional awareness and infrastructure support for the Sonic ecosystem. Additionally, while Sonic Labs has expressed intention to participate in Spetz's current private placement financing, this transaction has not yet closed, and there is no guarantee of its completion.

Spetz Inc (CSE:SPTZ, OTC:DBKSF) has announced a strategic partnership with Sonic Labs, the core development team behind the Sonic blockchain. As part of this collaboration, Sonic Labs will make a direct investment in Spetz and assist with cross-marketing efforts to expand the Sonic ecosystem. The partnership comes amid Spetz's current financing round, which has attracted notable institutional investors including Canaccord Genuity and Haywood Securities, along with high-net-worth and family office investors. Through its subsidiary SonicStrategy, Spetz is developing a public-market gateway to provide institutional investors with strategic exposure to Sonic through staking infrastructure and compliant DeFi participation. The company plans to deploy the raised capital immediately into validator expansion and ecosystem growth initiatives.

Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) has announced an extension and upsizing of its non-brokered private placement financing. The Canadian Securities Exchange has extended the deadline to June 23, 2025, and the maximum offering size has been increased to $10 million due to strong investor demand. The company expects the financing to close soon.

CEO Mitchell Demeter's shares are subject to a three-year escrow agreement, with 10% release upon BAR filing and remaining shares released over 36 months. The company also plans to hold its Annual General Meeting in early July 2025, with details to be provided in an upcoming information circular.

Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) has announced a non-brokered private placement offering of up to 10,000,000 units at $0.50 per unit, aiming to raise $5,000,000 in gross proceeds. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.75 within 24 months.

The proceeds will support working capital, validator expansion, and growth initiatives in the blockchain infrastructure sector. The offering, expected to close in April 2025, may include up to 6% cash commission and finder's warrants. Securities will have a four-month hold period from closing.

Spetz operates as a multinational technology company combining AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.

Spetz Inc (CSE:SPTZ)(OTC:DBKSF) announced significant leadership changes on March 21, 2025. Yossi Nevo stepped down as CEO and Director but will continue as President of Spetz Tech subsidiary. Mitchell Demeter, a blockchain veteran and former President of Netcoins, has been appointed as the new CEO.

The company also welcomed two new board members: Mark Binns, CEO of Carrier Connect Data Solutions and former CEO of BIGG Digital Assets, and Spencer MacLean, a capital markets expert and Partner at Oro Capital Board members Ofir Friedman and On Freund have resigned.

Spetz operates as a multinational technology company focusing on AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.