Sol Global Investments Stock Price, News & Analysis

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.

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.

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.

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.

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.

SOL Global Investments Corp. has announced a reduction in the principal amount of its Credit Facility from $50 million to $39 million after repaying $3.5 million. This repayment effort is part of a strategy to manage debt following a previous acquisition. The company plans to continue making regular payments on the Credit Facility and will provide updates on any significant changes.

SOL Global Investments has reduced its principal credit facility from $50 million to $42.5 million after repaying an additional $2.5 million. This credit facility was initially obtained to fund the acquisition of a non-convertible debenture related to a settlement. The company plans to continue regular repayments towards this credit facility and will provide updates on any material changes.

SOL Global Investments announced the completion of its substantial issuer bid, purchasing 7,407,389 Common Shares at $4.05 each, totaling $30 million. This represents about 14.2% of its total shares, reducing the issued and outstanding shares from 52,018,533 to 44,611,144. Approximately 11,897,511 shares were tendered, and successful tendering shareholders had 85.6% of their shares purchased. The payment will occur around December 8, 2021. Shareholders should note tax implications on the deemed dividend, estimated at $3.27 per share.

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.