SOL GLOBAL INVTS CORP - SOLCF STOCK NEWS

SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) reported unaudited financial results for Q2 2024, ending May 31. The company recorded a net loss of $4.5 million for the six-month period, an improvement from the $12.2 million loss in the same period last year. The total loss from investments was $20.7 million, compared to $9.4 million in the previous year. The unaudited Net Asset Value (NAV) per share decreased to $0.06 from $0.89 year-over-year.

SOL Global provided updates on its portfolio companies, including Damon Motors, Kiwibot, Navier, Core Scientific, Zapata AI, Build a Rocket Boy, Jones Soda, and Simply Better Brands. The company also reported progress on its real estate project in Wynwood, Miami. As of June 30, 2024, SOL Global had reduced its debenture balance to $18,896,029, repaying $1,714,851 in the current fiscal year.

SOL Global Investments Corp. provided unaudited financial results for Q1 2024, reporting a net loss decrease of $9.3 million, total unrealized gains, and realized losses. The NAV per share was $0.11. Portfolio highlights include Damon Motors Inc.'s strategic merger, Tevva Motors 's PITrG eligibility, Kiwi Campus Inc.'s expansion, Navier's partnerships, Core Scientific's reorganization, Andretti Acquisition Corp.'s merger with Zapata AI, Build a Rocket Boy's funding raise, Jones Soda Co.'s market share growth, Simply Better Brands Corp.'s sales growth, and House of Lithium's support for electric mobility. Additionally, a prestigious residential project is underway in Wynwood.

SOL Global Investments Corp. reports audited financial results for the year ended November 30, 2023, showing a net loss decrease of $263 million compared to the previous year. The company's total unrealized and realized losses from investments also saw favorable changes. The Net Asset Value per share decreased from $1.17 to $0.14. SOL Global highlighted operational updates and investments in companies like Damon Motors, Kiwi Campus, Tevva Motors, Navier, Core Scientific, Zapata AI, Build a Rocket Boy, Jones Soda, Simply Better Brands Corp, and House of Lithium. The company also shared a real estate update on a prestigious residential address in Wynwood.

SOL Global Investments Corp. announces business updates on its portfolio companies, including Core Scientific, Inc., Build a Rocket Boy, Big League Food Company, and CITYROW Holdings, Inc. Core Scientific emerges from Chapter 11 reorganization, Build a Rocket Boy raises $110 million, Big League Food Company formed from a merger, and WaterRower to acquire CITYROW.

SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) announces a change of auditors, nomination of John Zorbas to the Board, grant of DSUs, and updates on Damon Motors. The company also entered into an intercreditor agreement and received an advance from the First Lien Lender.

SOL Global Investments Corp. announces unaudited financial results for Q3 2023. Net loss decreased by $154.5 million compared to the same period last year. Total loss from investments decreased by $173.0 million. NAV per share is $0.72.

Damon Motors, a portfolio company of SOL Global Investments, is set to list on the Nasdaq after completing a reverse merger with Inpixon's spin-off entity, Grafiti Holding. The enterprise value of Damon is estimated to be between $224 million and $284 million. Damon has received $85 million in pre-production consumer reservations for its HyperSport motorcycles.

SOL Global announced a business combination agreement between Andretti Acquisition and Zapata AI. SOL Global invested $3.456 million and will hold 1.208 million shares post-transaction. The pro forma equity value of the combined company is expected to be between $281 million and $365 million. The transaction is expected to close in Q1 2024. Tevva Motors also announced a proposed merger with ElectraMeccanica. SOL Global invested $14.5 million and expects both transactions to close by Q1 2024.

SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) (FSE: 9SB) reported unaudited financial results for Q2 2023, showing a favorable change in net loss from the previous year, with a focus on operational efficiency. Portfolio highlights include Damon Motors, Kiwi Campus, Tevva Motors, Navier, Core Scientific, Simply Better Brands, and Jones Soda Co. The outlook for 2023 includes expected consolidated net sales to exceed $80 million and gross margin to be between 58% and 60%.