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SOL Global Secures C$10M Investment

SOL Global Secures C$10M Investment

Cryptocurrency Investments

SOL Global Secures C$10 Million Investment

Toronto, CA, January 23rd, 2025

SOL Global Investments Corp. (CSE: SOL) (FSE: 9SB), a publicly traded company focused on institutional Solana investments, has secured a binding commitment for a C$10 million unsecured convertible debenture private placement. This significant investment underscores the company's continued commitment to the Solana ecosystem.

Key Highlights:

  • C$10 million investment: The debenture will be issued in stages, with an initial C$2 million advance at closing, followed by four additional C$2 million advances every 60 days.
  • 70% for Solana Purchases: A substantial 70% of net proceeds will be used to acquire additional Solana tokens, strengthening SOL Global's position in the market.
  • Conversion Price and Warrants: The debenture is convertible into units at C$0.50 per unit, each including one common share and a half-warrant exercisable for an additional share at C$0.65 within 12 months.
  • Strategic Investment: This financing aligns with SOL Global's strategy to expand its digital asset portfolio and capitalize on opportunities within the blockchain and cryptocurrency sectors.
  • Expected Closing: The transaction is anticipated to close by January 30, 2025, subject to customary conditions and regulatory approvals.

Use of Proceeds and Strategic Focus

This investment reinforces SOL Global's belief in Solana's potential. The significant allocation of funds towards Solana token acquisition demonstrates a clear commitment to the long-term growth of the Solana ecosystem.

Disclaimer: This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities have not been registered under the U.S. Securities Act of 1933.

About SOL Global Investments Corp.

SOL Global is a diversified investment company transitioning its focus exclusively to digital asset technology, primarily Solana and Solana-based technologies. The company is divesting its current investment partnerships and minority holdings to concentrate its resources on this key area.

Contact:

Paul Kania, Interim CEO, CFO
(212) 729-9208
[email protected]
https://solglobal.com/

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