SOL Global Provides Corporate Update and Roadmap for Future Investments in Solana Ecosystem
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) ha annunciato sviluppi aziendali significativi, assicurandosi $14 milioni in nuovi finanziamenti, di cui $10 milioni destinati a ulteriori acquisti di Solana. L'azienda ha ridotto il debito di $12,9 milioni attraverso un accordo strategico e ha raccolto $18 milioni da investire nell'ecosistema Solana.
L'azienda detiene attualmente 17.692 token Solana, che sono in staking con un rendimento annuale del 6,26%. SOL Global ha lanciato il suo braccio di venture capital, SOL Global Ventures, concentrandosi su investimenti in fase iniziale in settori trasformativi, inclusa una partnership con Stay Inc., una piattaforma di ospitalità guidata dalla tecnologia.
L'azienda mira a collegare i mercati dei capitali tradizionali con l'ecosistema blockchain di Solana, posizionandosi come una 'super azienda di Solana.' I finanziamenti recenti hanno attirato una significativa partecipazione di investitori istituzionali e strategici, con una transazione di spin-out attesa entro il 28 febbraio 2025.
SOL Global Investments Corp. (CSE: SOL) ha anunciado desarrollos corporativos significativos, asegurando $14 millones en nueva financiación, de los cuales $10 millones se destinarán a compras adicionales de Solana. La empresa ha reducido su deuda en $12.9 millones a través de un acuerdo estratégico y ha recaudado $18 millones para su implementación en el ecosistema de Solana.
La compañía actualmente posee 17,692 tokens de Solana, los cuales están siendo apostados con un rendimiento anual del 6.26%. SOL Global ha lanzado su brazo de capital de riesgo, SOL Global Ventures, centrándose en inversiones en etapas tempranas en industrias transformadoras, incluyendo una asociación con Stay Inc., una plataforma de hospitalidad impulsada por la tecnología.
La empresa tiene como objetivo conectar los mercados de capital tradicionales con el ecosistema de blockchain de Solana, posicionándose como una 'superempresa de Solana.' Los financiamientos recientes han atraído una participación significativa de inversores institucionales y estratégicos, con una transacción de escisión esperada para el 28 de febrero de 2025.
SOL 글로벌 인베스트먼트 Corp. (CSE: SOL)는 중요한 기업 개발을 발표하며 1,400만 달러의 새로운 자금을 확보했으며, 이 중 1,000만 달러가 추가적인 솔라나 구매에 할당됩니다. 회사는 전략적 합의를 통해 1,290만 달러의 부채를 줄였고, 솔라나 생태계에 배치할 1,800만 달러를 모금했습니다.
회사는 현재 17,692 솔라나 토큰을 보유하고 있으며, 연 6.26%의 수익률로 스테이킹되고 있습니다. SOL 글로벌은 초기 단계의 변혁 산업에 투자하는 SOL 글로벌 벤처스라는 벤처 캐피탈 부서를 출범시켰으며, 기술 중심의 환대 플랫폼인 Stay Inc.와 파트너십을 맺었습니다.
회사는 전통적인 자본 시장과 솔라나 블록체인 생태계를 연결하는 것을 목표로 하며, '솔라나 슈퍼 컴퍼니'로 자리매김하고 있습니다. 최근의 자금 조달은 기관 및 전략적 투자자들의 상당한 참여를 이끌어냈으며, 2025년 2월 28일까지 분사 거래가 예상됩니다.
SOL Global Investments Corp. (CSE: SOL) a annoncé des développements d'entreprise significatifs, en sécurisant 14 millions de dollars de nouveaux financements, dont 10 millions de dollars alloués à des achats supplémentaires de Solana. L'entreprise a réduit sa dette de 12,9 millions de dollars grâce à un règlement stratégique et a levé 18 millions de dollars pour son déploiement dans l'écosystème Solana.
Actuellement, la société détient 17,692 tokens Solana, qui sont en staking avec un rendement annuel de 6,26 %. SOL Global a lancé son bras de capital-risque, SOL Global Ventures, se concentrant sur des investissements précoces dans des industries transformantes, y compris un partenariat avec Stay Inc., une plateforme d'hospitalité axée sur la technologie.
L'entreprise vise à relier les marchés de capitaux traditionnels avec l'écosystème blockchain de Solana, se positionnant comme une 'super entreprise Solana'. Les financements récents ont attiré une participation significative d'investisseurs institutionnels et stratégiques, avec une transaction de spin-out attendue d'ici le 28 février 2025.
SOL Global Investments Corp. (CSE: SOL) hat bedeutende Unternehmensentwicklungen bekannt gegeben und 14 Millionen Dollar an neuer Finanzierung sichergestellt, von denen 10 Millionen Dollar für zusätzliche Solana-Käufe vorgesehen sind. Das Unternehmen hat seine Schulden um 12,9 Millionen Dollar durch strategische Einigungen reduziert und 18 Millionen Dollar zur Bereitstellung im Solana-Ökosystem gesammelt.
Das Unternehmen hält derzeit 17.692 Solana-Token, die mit einer jährlichen Rendite von 6,26 % gestaked werden. SOL Global hat seine Venture-Capital-Sparte, SOL Global Ventures, ins Leben gerufen, die sich auf Frühphaseninvestitionen in transformativen Branchen konzentriert, einschließlich einer Partnerschaft mit Stay Inc., einer technologieorientierten Gastgewerbeplattform.
Das Unternehmen hat sich zum Ziel gesetzt, die traditionellen Kapitalmärkte mit dem Solana-Blockchain-Ökosystem zu verbinden und sich als 'Solana-Superunternehmen' zu positionieren. Die jüngsten Finanzierungen haben erhebliche institutionelle und strategische Investoren angezogen, mit einer Spin-out-Transaktion, die bis zum 28. Februar 2025 erwartet wird.
- Secured $14M in new funding with $10M dedicated to Solana purchases
- Reduced debt by $12.9M through strategic settlement
- Successfully raised $18M for Solana ecosystem investments
- Holds 17,692 Solana tokens generating 6.26% annual staking yield
- Strong institutional investor participation in recent financings
- Significant debt still remains pending spin-out transaction completion
SOL has secured
Toronto, Ontario--(Newsfile Corp. - January 27, 2025) - SOL Global Investments Corp. (CSE: SOL) (FSE: 9SB) ("SOL Global" or the "Company"), one of the first publicly traded companies focused on institutional Solana investments, is proud to share its latest corporate highlights and achievements that position the Company as a key player in the Solana blockchain ecosystem and as an emerging leader in venture capital.
"At SOL Global, our mission is to be one of the first companies to provide public market investors with opportunities to participate in the transformative potential of the Solana blockchain," said Paul Kania, Interim CEO and CFO of SOL Global. "We are focused on building a Solana super company, with direct exposure to the upside of both Solana and leading-edge projects and protocols being built on the Solana blockchain. We are very excited by the quick progress we have made over the past few months to begin allocating capital to the Solana ecosystem and we truly believe this is just the beginning of an exciting growth trajectory for our company. Our recent financings have all seen strong participation form institutions and strategic investors, which we believe is validation that the traditional capital markets are highly eager for ways to get exposure to the upside of the Solana blockchain, which continues to break new records for trading volumes and fee generation."
Key Corporate Highlights:
Financial Milestones
- SOL Global has strengthened its balance sheet by reducing debt by
$12.9 million through a strategic debt settlement. SOL Global expects to complete the spin-out transaction by February 28, 2025, substantially reducing debt. These actions have created a strong foundation for future growth and investment. - The Company has successfully raised
$18 million to deploy into the Solana ecosystem, investing in innovative projects and developers building on the network.
Operational Achievements
- Since November 2024, SOL Global has made significant strides in strengthening its focus on the Solana blockchain. The Company now owns 17,692 Solana (SOL) tokens, which are actively staked to support the network's security and decentralization, generating a staking yield of
6.26% annually. - SOL Global recently launched SOL Global Ventures, a dedicated venture capital arm focused on early-stage investments in transformative industries that align with the Company's long-term strategy to invest in projects that offer scalability, innovation, and real-world utility.
- SOL Global Ventures has secured key partnerships with Solana-related technologies and instruments that support the blockchain and crypto ecosystem including Stay Inc., a technology-driven hospitality platform revolutionizing the travel and accommodation sector.
Strategic Initiatives
- Bridging the Gap Between the Capital Markets and Solana: SOL Global is focused on providing traditional public market investors with exposure to the Solana blockchain ecosystem, bridging the gap between cutting-edge blockchain technology and mainstream capital markets. The Company is dedicated to building a "Solana super company" that can capture the upside of one of the most significant technological and financial innovations in the history of cryptocurrency by leveraging the scalability and versatility of the Solana ecosystem. All of SOL Global's recent financings have seen significant participation from institutional capital allocators and strategic investors, which the Company believes will be instrumental to continual growth.
- Corporate Rebranding: SOL Global recently launched its new corporate brand, website, and investor deck, reflecting its vision for being on the leading edge of the Solana ecosystem. This rebranding represents a clear direction for the Company moving ahead and can be found at: www.solglobal.com.
For Further Information Please Contact:
SOL Global Investments Corp.
Paul Kania, Interim CEO, CFO
Tel: (212) 729-9208
Email: info@solglobal.com
Website: https://solglobal.com/
About SOL Global Investments Corp.
SOL Global is pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana.
Caution Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the Company's intention to increase its investments in Solana. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability execute on its business and investment plans, including the Company's ability to raise debt or equity through future financing activities and divest its current investment partnerships and minority holdings; the growth of the Solana ecosystem; growth and development of decentralized finance and digital asset sector; rules and regulations with respect to decentralized finance and digital assets; and general business, economic, competitive, political and social uncertainties. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238523
FAQ
How much new funding has SOL Global (SOLCF) secured for Solana purchases in January 2025?
What is the current Solana token holding of SOL Global (SOLCF) and its staking yield?
How much debt has SOL Global (SOLCF) reduced through its strategic settlement?
When is SOL Global (SOLCF) expected to complete its spin-out transaction?
How much capital has SOL Global (SOLCF) raised for Solana ecosystem investments?
