STOCK TITAN

SOL GLOBAL INVTS CORP - SOLCF STOCK NEWS

Welcome to our dedicated page for SOL GLOBAL INVTS news (Ticker: SOLCF), a resource for investors and traders seeking the latest updates and insights on SOL GLOBAL INVTS stock.

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.

Rhea-AI Summary

SOL Global Investments Corp. has successfully reduced its credit facility from $50 million to $23.932 million by repaying an additional $2.0 million. The company plans to continue regular principal payments toward the facility. This strategic move enhances its financial stability and demonstrates SOL Global's commitment to managing its debt effectively. Further updates regarding the credit facility will be announced as they occur.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
Tags
none
-
Rhea-AI Summary

SOL Global Investments Corp. has announced a reduction in its credit facility from $50 million to $25.932 million, following a repayment of $2.943 million. The company intends to continue making regular principal payments on the credit facility. This strategic move reflects SOL Global's focus on improving its financial position and reducing debt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced on March 4, 2022, the sale of 170,000 common shares of KWESST Micro Systems Inc. Following this transaction, SOL Global's stake in KWESST fell to approximately 9.95%, down from 10.29%. As a result, SOL Global is no longer obligated to file early warning reports under National Instrument 62-103 unless its holding exceeds 10% again. The filing delay was due to an administrative error. SOL Global operates in various sectors including retail, agriculture, and media technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

SOL Global Investments Corp. has reduced its credit facility from $50 million to $28.875 million following a repayment of $1.125 million. The company plans to continue making regular principal payments on this credit facility. SOL Global assures stakeholders that it will provide further updates regarding any material changes in the credit facility and ongoing repayment efforts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
Tags
none
-
Rhea-AI Summary

SOL Global Investments Corp. announced on February 3, 2022 the disposal of 1,300,000 Common Shares of Atmofizer Technologies Inc., reducing its holding to less than 10% of the issued shares. Prior to this disposition, SOL owned 7,139,200 Common Shares, constituting 10.30% of Atmofizer. Following the transaction, SOL holds 5,839,200 Common Shares and 1,299,999 Warrants, approximately 8.71% of the issued shares on a partially diluted basis. SOL Global is no longer obligated to file early warning reports unless its ownership surpasses 10% again.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
-
Rhea-AI Summary

SOL Global Investments Corp. has successfully reduced its credit facility from $50 million to $30 million by repaying $2.5 million. The company plans to continue making regular repayments on the facility. In a separate announcement, Alex Spiro has stepped down from the Board of Directors effective February 8, 2022.

The company acknowledges that forward-looking information is subject to inherent risks and uncertainties, regarding its ability to maintain repayment schedules and service existing debt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
management
Rhea-AI Summary

SOL Global Investments Corp. has successfully repaid $2.5 million towards its $50 million credit facility, reducing the principal to $32.5 million. This repayment highlights the company’s commitment to managing its debt responsibly. SOL Global plans to continue these regular principal payments, which is a positive step towards improving its financial stability. The company emphasizes ongoing updates regarding the Credit Facility, reassuring stakeholders about its repayment strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.21%
Tags
none
-
Rhea-AI Summary

SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced the acquisition of 62,500 common shares of Atmofizer Technologies Inc. (ATMO) on December 20, 2021, at an average price of CAD$2.618 per share. This transaction increased SOL Global's ownership in ATMO from 8.34% to 8.42% on a non-diluted basis. SOL Global also holds 1,299,999 warrants, allowing for potential ownership of 10.00% of ATMO shares if exercised. The company's investment strategy remains flexible, with intentions to adjust holdings based on market conditions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.6%
Tags
-
Rhea-AI Summary

SOL Global Investments Corp. has reduced its credit facility from $50 million to $35 million after repaying $1.5 million. This repayment demonstrates a commitment to managing its debt responsibly. The company plans to continue regular payments towards the credit facility, signaling a proactive approach to debt management. Additionally, the press release includes cautionary statements regarding forward-looking information, underscoring the inherent risks involved in financial projections and the uncertainty about future payments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
none
Rhea-AI Summary

SOL Global Investments Corp. has successfully repaid an additional $2.5 million towards its credit facility, reducing the principal from $50 million to $36.5 million. This demonstrates the company's commitment to managing its debt responsibly. SOL Global plans to continue making regular repayments and will keep stakeholders updated on any significant changes regarding the credit facility. The company acknowledges that forward-looking statements are subject to risks and uncertainties that could affect its financial plans.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
none

FAQ

What is the current stock price of SOL GLOBAL INVTS (SOLCF)?

The current stock price of SOL GLOBAL INVTS (SOLCF) is $0.24158 as of December 20, 2024.

What is the market cap of SOL GLOBAL INVTS (SOLCF)?

The market cap of SOL GLOBAL INVTS (SOLCF) is approximately 29.3M.

What is SOL Global Investments Corp.?

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.

What are some of the companies SOL Global has investments in?

SOL Global has investments in Damon Motors Inc., Tevva Motors Ltd., Kiwi Campus Inc., Navier, Core Scientific, Andretti Acquisition Corp., and Build a Rocket Boy.

What is the focus of SOL Global Investments Corp.?

SOL Global is focused on supporting the growth and success of its portfolio companies across various industries.

What sectors does SOL Global operate in?

SOL Global operates in electric mobility, digital asset technology, esports & gaming, new age wellness, and residential commercial real estate.

How does SOL Global contribute to the success of its portfolio companies?

SOL Global provides strategic investments, guidance, and support to help its portfolio companies thrive and achieve their business objectives.

SOL GLOBAL INVTS CORP

OTC:SOLCF

SOLCF Rankings

SOLCF Stock Data

29.34M
112.96M
3.72%
Asset Management
Financial Services
Link
United States of America
Toronto