Sol Global Investments - SOLCF STOCK NEWS

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.

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 $50 million credit facility, having repaid $2.5 million as of November 19, 2021. The company is also collaborating with House of Lithium Ltd., which plans to invest up to US$15 million in Damon Motors Inc.. Following this investment, House of Lithium is expected to hold over 10% equity in Damon, known for its innovative electric motorcycles. The investment is scheduled for completion by December 23, 2021.

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.