Business
SOL Strategies Inc. Increases Previously Announced LIFE Offering of Units
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- SOL Strategies Inc. (CSE:HODL) (“SOL Strategies” or the “Company”), is pleased to announce that it has agreed to increase the size of its previously announced private placement of up to C$25,000,000 of units of the Company (the “Units”) pursuant to the listed issuer financin
About this update from Sol Strategies Inc.
[{"type":"text","content":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES","length":180,"tagName":"p"},{"type":"text","content":"TORONTO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- SOL Strategies Inc. (CSE:HODL) (“SOL Strategies” or the “Company”), is pleased to announce that it has agreed to increase the size of its previously announced private placement of up to C$25,000,000 of units of the Company (the “Units”) pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanket Order 45-935 of the Canadian Securities Administrators (the “LIFE Offering”).","length":500,"tagName":"p"},{"type":"text","content":"The upsized LIFE Offering will consist of 4,380,000 Units of the Company at a price of $6.85 per Unit (the “Offering Price”) for gross proceeds of $30,003,000. Each Unit will consist of one common share of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share at a price of $8.90 for a period of 36 months from the closing of the Offering.","length":442,"tagName":"p"},{"type":"text","content":"The upsized LIFE Offering will be conducted on a best-efforts, fully marketed basis by Canaccord Genuity Corp., acting as agent and sole bookrunner (the “Agent”). The Company intends to grant the Agent a cash commission equal to 6.0% of gross proceeds, plus broker warrants equal to 6.0% of the number of Units sold, exercisable to acquire one Unit at a price of $8.90 for a period of 36 months from the closing of the LIFE Offering.","length":433,"tagName":"p"},{"type":"text","content":"The net proceeds from the LIFE Offering will be used for general corporate purposes and investments consistent with SOL Strategies’ investment principles, for purposes of Solana treasury growth.","length":194,"tagName":"p"},{"type":"text","content":"Key Terms of the LIFE Offering","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revised Offering Size: Up to C$30,003,000.","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Pricing: $6.85.","length":15,"tagName":"p"}]},{"val":[{"type":"text","content":"Warrants: Each whole warrant exercisa...