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SOL GLOBAL INVTS CORP - SOLCF STOCK NEWS

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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.

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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.

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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.

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House of Lithium, associated with SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF), has completed a $10 million financing as it aims to lead in the small-cap EV and green tech sectors.

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.

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SOL Global Investments Corp. reported a net income of $210.4 million for the nine months ending August 31, 2021, up from $47.9 million in the same period a year prior, a change of $160.7 million. However, the company faced a loss of $62.4 million in Q3 of 2021 due to a $68.5 million settlement cost. Total gains from investments reached $347.4 million for the nine-month period, compared to $90.3 million the previous year. Additionally, the net asset value per share increased to $6.44, a 131% rise year-over-year.

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SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced the launch of a substantial issuer bid to purchase up to $30 million of its common shares. The offer will be executed via a Dutch auction, with shareholders allowed to specify tender prices between $4.05 and $4.25 per share. If the total purchase price exceeds the available amount, shares will be bought on a pro rata basis, excluding odd lot holders. The offer is open until November 26, 2021, and detailed documents have been mailed to shareholders.

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SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced a substantial issuer bid aiming to purchase up to $30 million of its common shares.

The offer will be conducted via a Dutch auction, with a price range set between $4.05 and $4.25 per share. Shareholders can specify the number of shares tendered and the price within this range.

The offer is non-binding, allowing shareholders to decide on participation, and will remain open for 35 days from commencement, subject to conditions outlined in forthcoming documents.

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SOL Global Investments Corp. (CSE: SOL, OTCPK: SOLCF) has announced the establishment of a specialized investment company, House of Lithium. This new venture aims to target businesses involved in the green revolution and will facilitate the divestment of SOL Global's current green tech investments to its new subsidiary. House of Lithium aims to raise approximately CAD $8 million through a go-public transaction, focusing on sectors like electric mobility, hydrogen power, and energy-efficient solutions.

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SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) disclosed the acquisition of 205,000 common shares in KWESST Micro Systems Inc. at CAD$2.08 per share on July 22, 2021, increasing its ownership from 9.1% to 9.6%. On August 18, 2021, it acquired an additional 15,000 shares at CAD$1.97, raising ownership to 11.6%. Including 370,000 warrants (exercise price $1.75), total ownership could reach 12.3%. The acquisitions are for investment purposes, with potential for ownership adjustments based on market conditions.

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SOL Global Investments Corp. has approved a substantial issuer bid to repurchase up to $30,000,000 of its common shares at a premium to market price. Following a previous normal course issuer bid where 2,737,805 shares were repurchased, this new bid aims to enhance shareholder value. Engaging Clarus Securities Inc. as the advisor and dealer manager, the company anticipates commencing the bid by late September, pending regulatory approvals. CEO Andy DeFrancesco stated the stock is currently undervalued based on their net asset value.

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SOL Global Investments Corp. has announced the successful settlement of litigation with 1235 Fund LP, involving a senior secured non-convertible debenture worth CAD$50 million. The settlement concluded with a total payment of CAD$120 million made to 1235.

Additionally, SOL Global completed its normal course issuer bid, repurchasing approximately 2,737,805 common shares at an average price of $4.1466 per share, reducing the total outstanding shares to 52,018,533.

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FAQ

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

The current stock price of SOL GLOBAL INVTS (SOLCF) is $0.31 as of January 24, 2025.

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

The market cap of SOL GLOBAL INVTS (SOLCF) is approximately 33.4M.

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

33.39M
112.96M
3.72%
Asset Management
Financial Services
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United States of America
Toronto