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SOL Global Investments Corp. is a diversified international investment and private equity holding company with key business segments in electric mobility, digital asset technology, esports & gaming, new age wellness, and residential commercial real estate. The Company has investments in innovative companies like Damon Motors Inc., Tevva Motors Ltd., Kiwi Campus Inc., Navier, Core Scientific, Andretti Acquisition Corp., and Build a Rocket Boy. SOL Global is focused on supporting the growth and success of its portfolio companies across various industries.
SOL Global Investments Corp. (CSE: SOL) has secured a binding commitment for a C$10 million convertible debenture private placement. The debenture will be convertible into units at $0.50 per unit, with each unit comprising one common share and a half-warrant. A full warrant allows purchase of an additional common share at $0.65 within 12 months.
The funding will be distributed in five tranches: an initial $2 million advance at closing, followed by four $2 million advances every 60 days. The debenture includes a 2.5% setup fee ($250,000) and carries a 10% interest rate. 70% of the proceeds will be allocated to purchasing Solana tokens, aligning with the company's focus on digital assets and blockchain technology.
The transaction is expected to close by January 30, 2025, subject to regulatory approvals and CSE policies. The securities will have a four-month plus one day hold period under Canadian securities laws.
SOL Global Investments Corp. (CSE: SOL) has launched SOL Global Ventures, a new venture capital arm focused on early-stage Solana blockchain investments. The subsidiary's first investment involves a US$1-1.5 million commitment to Stay Inc. (STAY), a short-term rental technology platform co-founded by Scott McGillivray.
The investment will be satisfied through SOL Global shares issued at C$0.50 per share, with a four-month hold period. The deal is expected to close around January 31, 2025. STAY aims to leverage Solana's blockchain to transform the short-term rental industry through streamlined payments, improved trust mechanisms, and community engagement initiatives.
The platform plans to integrate Solana's infrastructure to reduce transaction costs, enhance security through smart contracts, and implement AI-powered property management tools. STAY has already established partnerships with major players in the short-term rental industry throughout 2024, gaining access to vetted inventory in key global destinations.
SOL Global Investments Corp. (CSE: SOL, OTC: SOLCF) has completed the first tranche of its private placement offering, raising C$1,000,000 through the sale of 1,000 units at C$1,000 per unit. Each unit includes a convertible debenture and 1,818 warrants. The company will receive three additional tranches of C$1,000,000 each, totaling C$4,000,000 in aggregate proceeds.
The convertible debentures can be converted into common shares at C$0.40 per share until January 21, 2026. Warrants are exercisable at C$0.55 per share for 12 months. Notably, 75% of the net proceeds will be used to purchase Solana Tokens at market prices, with the remainder allocated to working capital and general corporate purposes.
SOL Global Investments (CSE: SOL, OTC: SOLCF) has announced a significant debt settlement agreement with creditors, converting $9,598,162 of outstanding debt into 23,995,405 common shares at $0.40 per share. This settlement, occurring at a premium to market price, includes related-party transactions with PLK Accounting & Finance Inc. receiving 3,000,000 shares for $1,200,000 debt and Pad Gopal receiving 500,000 shares for $200,000 debt.
The settlement shares will have a four-month statutory hold period for Canadian holders, while shares issued to non-Canadian creditors will be freely tradable. Upon completing the reorganization scheduled for February, SOL Global aims to become debt-free and transform into a Solana-focused pureplay company.
SOL Global Investments Corp. (SOLCF) announced a strategic reorganization to become a pure-play Solana ecosystem investment company. The company will transfer all non-Solana assets and liabilities into a newly formed subsidiary (Asset Vehicle), in which SOL Global will maintain a 5-10% minority stake.
Through this restructuring, SOL Global will settle the majority of its secured liabilities in exchange for equity in the Asset Vehicle. The transaction, expected to complete by February 28, 2025, will allow SOL Global to operate unencumbered from historical liabilities and focus exclusively on blockchain innovation. The company retains an option to repurchase transferred assets at their original transfer value.
SOL Global Investments Corp. (CSE: SOL) (OTC: SOLCF) has launched a new website reflecting its exclusive focus on the Solana blockchain ecosystem. The company's investment strategy encompasses three main areas: acquisition strategy focusing on building Solana token positions, network participation through proof-of-stake validation, and long-term value creation via blockchain infrastructure investments.
The revamped website, www.solglobal.com, features detailed information about the company's investment philosophy and includes an investors section with financial reports, press releases, and real-time market data. Paul Kania, Interim CEO and CFO, emphasized that the website launch reflects their strategic commitment to the Solana ecosystem.
SOL Global Investments Corp. (CSE: SOL, OTC: SOLCF) has announced an expansion of its investment staking strategy in the Solana ecosystem. The company has staked an additional 8,905 Solana tokens at a 5.6% rate as part of its initiative to enhance returns and promote sustainable growth. This strategic move leverages Solana's proof-of-stake protocol to maximize staking rewards while contributing to network decentralization and security.
SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) has announced a successful $3.4 million debt repayment to its senior lender, Braebeacon Holdings Inc. This strategic move has reduced the outstanding loan balance to $10.2 million. The repayment is part of the company's broader financial strategy aimed at strengthening its financial position, reducing leverage, and lowering interest expenses while positioning itself for future growth opportunities.
SOL Global Investments has announced a strategic expansion of its Solana holdings with an additional $1.5 million purchase of tokens at CDN $343 per token, acquiring 4,372 new tokens. This brings the company's total Solana holdings to 17,028 tokens. The investment follows Solana's recent achievements, including reaching $100 billion in monthly DEX volume and 25 million active addresses in November 2024, with Total Value Locked (TVL) hitting $9.35 billion.
The company's strategy focuses on owning and staking Solana tokens while making targeted investments exclusively aligned with the Solana blockchain. SOL Global recognizes Solana's leadership in blockchain technology through its proof-of-history consensus mechanism, which offers superior speed, scalability, and cost-efficiency.
SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) has announced its investment staking strategy within the Solana ecosystem. The company has staked 8,123 tokens at a 5.6% rate and plans to stake future purchases. The strategy includes focused validator selection, diversified staking allocation across multiple validators, automated compounding strategies for reinvesting rewards, and integration with liquid staking platforms.
The initiative aims to enhance returns while supporting network decentralization and security through Solana's proof-of-stake protocol. The company emphasizes prioritizing validators with proven performance, high uptime, and low fees to optimize yields while maintaining a diversified approach to minimize validator-specific risks.
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