Osprey Solana Trust (OTCQX: OSOL) Announces 15 to 1 Split of Issued and Outstanding Shares

Rhea-AI Summary

Osprey Solana Trust (OTCQX: OSOL) announced a 15:1 forward split of its issued and outstanding shares, effective after market close on June 4, 2024. The split aims to make the share price more accessible due to a 2,053% increase in OSOL's price over the past year, driven by Solana's market appreciation and rising investor interest. Post-split, each share will be exchanged for 15 shares, significantly increasing the total number of shares while reducing the per-share market price and NAV by approximately 15 times. Trading on a split-adjusted basis will commence on June 5, 2024. The split will not impact the total fair value of the Trust's net assets or shareholder investment value.

Positive

• OSOL announced a 15:1 forward split to make share prices more accessible.
• The price of OSOL has increased by 2,053% in the past year, indicating strong market performance.
• Post-split, the number of issued and outstanding shares will increase by 15 times.
• The split does not affect the total fair value of the Trust's net assets.

Negative

• The forward split will result in the per-share market price and NAV being approximately fifteen times lower, which may cause confusion among investors.

OSOL Offers Investors Easy, Transparent and Secure Exposure to Solana, a Leading Blockchain Token

FAIRFIELD, Conn.--(BUSINESS WIRE)-- Osprey Solana Trust (OTCQX: OSOL), a Delaware statutory trust (“Osprey” or the “Trust”), announced it will execute a 15:1 forward split of the issued and outstanding shares. The total fair value of the Trust’s net assets will not be affected as a result of this split.

“Given the 2,053% increase in the price of OSOL over the last year due to Solana’s recent market appreciation as well as increased investor interest, we are splitting the units on a 15 to 1 basis to make the price more accessible for our investors. We continue to believe that Solana has distinguished itself as a leading blockchain and is well poised for future growth,” said Greg King, CFA, Founder and CEO of Osprey Funds.

After the close of the markets on June 4th, 2024, the Trust will effect a split of its issued and outstanding shares as follows:

Every share of the Trust will be exchanged for 15 shares. Accordingly, the total number of the issued and outstanding shares for the Trust will increase by 15 times. In addition, the next day’s opening per share net asset value (“NAV”) and the opening market price per share should be approximately fifteen times lower for the Trust. Shares of the Trust will begin trading on the OTC Markets on a split-adjusted basis June 5th, 2024. The total opening fair value of the Trust’s net assets, and thus a shareholder’s investment value, will not be affected by the split.

Period	# of Shares Owned	Hypothetical Market Price	Total Market Value
Pre-Split	10	$210	$2,100
Post-Split	150	$14	$2,100

About Osprey Funds, LLC

Osprey Funds, LLC (Osprey) offers common sense solutions to digital asset investing. Based in Fairfield, Connecticut, Osprey is dedicated to building better investment products that offer secure, transparent, and cost-effective access to digital assets. Learn more by visiting https://ospreyfunds.io/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604289142/en/

Osprey Investor Relations

Email: IR@OSPREYFUNDS.IO

Source: Osprey Funds, LLC

FAQ

What is the Osprey Solana Trust (OSOL) share split?

OSOL announced a 15:1 forward split of its issued and outstanding shares, effective after market close on June 4, 2024.

How will the OSOL share split affect my investment?

The split will not affect the total fair value of your investment; however, each share will be exchanged for 15 shares, and the per-share market price and NAV will be approximately fifteen times lower.

When will OSOL shares begin trading on a split-adjusted basis?

OSOL shares will begin trading on a split-adjusted basis on June 5, 2024.

Why is OSOL conducting a share split?

OSOL is conducting a share split to make the share prices more accessible following a 2,053% increase in OSOL's price over the past year.

What will happen to the total number of issued and outstanding shares after the OSOL split?

The total number of issued and outstanding shares for OSOL will increase by 15 times after the split.