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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. has successfully repaid an additional
SOL Global Investments Corp. has announced a reduction in the principal amount of its Credit Facility from
SOL Global Investments has reduced its principal credit facility from
SOL Global Investments announced the completion of its substantial issuer bid, purchasing 7,407,389 Common Shares at
SOL Global Investments Corp. (CNSX: SOL, OTCQ: SOLCF) announced a repayment of $2.5 million towards its $50 million credit facility, decreasing the principal to $45 million. This credit facility was initially secured to fund a non-convertible debenture acquisition. The Company plans to continue making similar repayments as it realizes profits from existing investments. SOL Global commits to providing updates on material changes related to the credit facility, including future payments.
SOL Global Investments Corp. announced the preliminary results of its substantial issuer bid, which closed on November 26, 2021. The company aimed to purchase up to $30 million worth of its common shares through a Dutch auction. Approximately 11.9 million shares were validly tendered, and SOL Global expects to buy around 7.4 million shares at a price of $4.05 each. Due to oversubscription, tendered shares will be prorated. The tax implications for Canadian shareholders were also addressed, estimating a paid-up capital of $2.114 per share.
SOL Global Investments Corp. announced that the Ontario Securities Commission granted an exemptive relief order allowing the company to extend its current substantial issuer bid without taking up all deposited common shares first. Launched on October 20, 2021, the offer allows shareholders to tender shares for a maximum purchase price of $30 million, with prices set between $4.05 and $4.25 per share. The offer is open until 11:59 p.m. Toronto time on November 26, 2021. SOL Global may extend the offer based on tendered shares and relevant circumstances.
SOL Global Investments Corp. has announced the commencement of principal repayments on its
The House of Lithium has increased its stake in Reby Inc. to 16.67% on a fully diluted basis with a $5 million convertible note investment. The note, issued on October 14, 2021, carries a 1% annual interest rate and converts into Reby's preferred stock upon equity financing. Reby, led by the young entrepreneur Pep Gómez, is profitable and focused on the European micro-mobility market, which is expected to grow significantly. The investment strengthens the partnership between the two organizations, highlighting a shared vision for electric vehicle development.
House of Lithium, associated with
Through a Portfolio Sale, SOL divested its electric vehicle assets valued at approximately $79.7 million to House of Lithium, receiving 39,870,943 Class B shares in return. The company has ongoing plans to further enhance its market position and pursue a public listing.