Welcome to our dedicated page for Sol Global Investments news (Ticker: SOLCF), a resource for investors and traders seeking the latest updates and insights on Sol Global Investments stock.
SOL Global Investments Corp. (OTC: SOLCF) provides institutional-grade exposure to blockchain innovation through strategic digital asset investments and Solana ecosystem development. This news hub offers investors centralized access to official announcements, financial updates, and operational milestones.
Key resources include earnings reports, venture capital activity in SOL Global Ventures Inc., token acquisition strategies, and blockchain infrastructure developments. The company’s focus on staking rewards and liability management through recent restructuring forms a recurring theme across communications.
Bookmark this page for timely updates on Solana network integrations, partnership announcements, and portfolio company progress. All content is sourced from verified corporate disclosures to maintain compliance and accuracy standards expected by institutional investors.
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.
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.
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.
SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced a substantial issuer bid aiming to purchase up to
The offer will be conducted via a Dutch auction, with a price range set between
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.
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.
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.
SOL Global Investments Corp. has approved a substantial issuer bid to repurchase up to
SOL Global Investments Corp. has announced the successful settlement of litigation with 1235 Fund LP, involving a senior secured non-convertible debenture worth
Additionally, SOL Global completed its normal course issuer bid, repurchasing approximately 2,737,805 common shares at an average price of
SOL Global Investments Corp. (CSE: SOL, OTC: SOLCF) has invested USD$20 million in Common C Holdings LP, a Michigan-based firm providing support services to licensed cannabis operators. This investment, acquiring 1.4 million Class B Common Units, positions SOL Global to capitalize on the rapidly growing Michigan cannabis market, which achieved $170 million in July revenues, marking over 500% growth in 18 months. Expected revenues in the state are projected to exceed $1.5 billion in 2021, climbing to $4 billion in the next 3-5 years.
On August 18, 2021, Andrew DeFrancesco, CEO of SOL Global Investments Corp, acquired a total of 630,700 common shares, increasing his ownership stake from 0.97% to approximately 2.18%. The shares were obtained through a market transaction at an average price of CAD$3.5926 and a private transaction at USD$3.30. If all deferred and performance share units held by DeFrancesco are converted, his ownership could rise to 10%. He expressed confidence in SOL's potential, citing temporary weaknesses in the US cannabis sector.
