SOL GLOBAL INVTS CORP - SOLCF STOCK NEWS

SOL Global Investments Corp. (CSE: SOL) has announced a strategic investment in McQueen Labs Inc. (MCQ Markets), expanding its position in the company through a binding letter of intent dated January 27, 2025. The investment involves acquiring 2,155,556 shares at US$0.54 per share, increasing SOL Global's holdings from 1,851,852 to 4,007,408 shares.

The total acquisition cost of US$1,164,000 will be satisfied through the issuance of 3,125,000 SOL shares at C$0.40 per share and US$300,000 in cash. MCQ Markets specializes in fractional ownership of high-value collector cars through an SEC-compliant platform, utilizing Solana blockchain technology to create NFTs for each asset, storing critical vehicle information like VIN and mileage.

The transaction is expected to close around February 4, 2025, subject to CSE policies. The SOL shares issued will have trading restrictions limiting MCQ Markets to trading no more than 20% of daily volume on the CSE.

SOL Global Investments Corp. (CSE: SOL) has announced significant corporate developments, securing $14M in new funding with $10M allocated for additional Solana purchases. The company has reduced debt by $12.9M through strategic settlement and raised $18M for deployment in the Solana ecosystem.

The company currently holds 17,692 Solana tokens, which are being staked with a 6.26% annual yield. SOL Global has launched its venture capital arm, SOL Global Ventures, focusing on early-stage investments in transformative industries, including a partnership with Stay Inc., a technology-driven hospitality platform.

The company aims to bridge traditional capital markets with the Solana blockchain ecosystem, positioning itself as a 'Solana super company.' Recent financings have attracted significant institutional and strategic investor participation, with a spin-out transaction expected by February 28, 2025.

SOL Global Investments Corp. (CSE: SOL) has secured a binding commitment for a C$10 million convertible debenture private placement. The debenture will be convertible into units at $0.50 per unit, with each unit comprising one common share and a half-warrant. A full warrant allows purchase of an additional common share at $0.65 within 12 months.

The funding will be distributed in five tranches: an initial $2 million advance at closing, followed by four $2 million advances every 60 days. The debenture includes a 2.5% setup fee ($250,000) and carries a 10% interest rate. 70% of the proceeds will be allocated to purchasing Solana tokens, aligning with the company's focus on digital assets and blockchain technology.

The transaction is expected to close by January 30, 2025, subject to regulatory approvals and CSE policies. The securities will have a four-month plus one day hold period under Canadian securities laws.

SOL Global Investments Corp. (CSE: SOL) has launched SOL Global Ventures, a new venture capital arm focused on early-stage Solana blockchain investments. The subsidiary's first investment involves a US$1-1.5 million commitment to Stay Inc. (STAY), a short-term rental technology platform co-founded by Scott McGillivray.

The investment will be satisfied through SOL Global shares issued at C$0.50 per share, with a four-month hold period. The deal is expected to close around January 31, 2025. STAY aims to leverage Solana's blockchain to transform the short-term rental industry through streamlined payments, improved trust mechanisms, and community engagement initiatives.

The platform plans to integrate Solana's infrastructure to reduce transaction costs, enhance security through smart contracts, and implement AI-powered property management tools. STAY has already established partnerships with major players in the short-term rental industry throughout 2024, gaining access to vetted inventory in key global destinations.

SOL Global Investments Corp. (CSE: SOL, OTC: SOLCF) has completed the first tranche of its private placement offering, raising C$1,000,000 through the sale of 1,000 units at C$1,000 per unit. Each unit includes a convertible debenture and 1,818 warrants. The company will receive three additional tranches of C$1,000,000 each, totaling C$4,000,000 in aggregate proceeds.

The convertible debentures can be converted into common shares at C$0.40 per share until January 21, 2026. Warrants are exercisable at C$0.55 per share for 12 months. Notably, 75% of the net proceeds will be used to purchase Solana Tokens at market prices, with the remainder allocated to working capital and general corporate purposes.

SOL Global Investments (CSE: SOL, OTC: SOLCF) has announced a significant debt settlement agreement with creditors, converting $9,598,162 of outstanding debt into 23,995,405 common shares at $0.40 per share. This settlement, occurring at a premium to market price, includes related-party transactions with PLK Accounting & Finance Inc. receiving 3,000,000 shares for $1,200,000 debt and Pad Gopal receiving 500,000 shares for $200,000 debt.

The settlement shares will have a four-month statutory hold period for Canadian holders, while shares issued to non-Canadian creditors will be freely tradable. Upon completing the reorganization scheduled for February, SOL Global aims to become debt-free and transform into a Solana-focused pureplay company.

SOL Global Investments Corp. (SOLCF) announced a strategic reorganization to become a pure-play Solana ecosystem investment company. The company will transfer all non-Solana assets and liabilities into a newly formed subsidiary (Asset Vehicle), in which SOL Global will maintain a 5-10% minority stake.

Through this restructuring, SOL Global will settle the majority of its secured liabilities in exchange for equity in the Asset Vehicle. The transaction, expected to complete by February 28, 2025, will allow SOL Global to operate unencumbered from historical liabilities and focus exclusively on blockchain innovation. The company retains an option to repurchase transferred assets at their original transfer value.

SOL Global Investments Corp. (CSE: SOL) (OTC: SOLCF) has launched a new website reflecting its exclusive focus on the Solana blockchain ecosystem. The company's investment strategy encompasses three main areas: acquisition strategy focusing on building Solana token positions, network participation through proof-of-stake validation, and long-term value creation via blockchain infrastructure investments.

The revamped website, www.solglobal.com, features detailed information about the company's investment philosophy and includes an investors section with financial reports, press releases, and real-time market data. Paul Kania, Interim CEO and CFO, emphasized that the website launch reflects their strategic commitment to the Solana ecosystem.

SOL Global Investments Corp. (CSE: SOL, OTC: SOLCF) has announced an expansion of its investment staking strategy in the Solana ecosystem. The company has staked an additional 8,905 Solana tokens at a 5.6% rate as part of its initiative to enhance returns and promote sustainable growth. This strategic move leverages Solana's proof-of-stake protocol to maximize staking rewards while contributing to network decentralization and security.