TechFlow news, September 23 — According to GLOBE NEWSWIRE, SOL Strategies Inc. (CSE: HODL) announced the launch of a private placement offering for up to CAD 25 million.
The offering is being led by Canaccord Genuity Corp. as sole bookrunner. The company will pay the underwriters a cash commission of 6% and issue broker warrants equal to 6% of the number of units sold.
Net proceeds from the offering will be used for general corporate purposes and investments aligned with SOL Strategies' investment principles to promote Solana asset growth. The offering is expected to close around October 1, subject to necessary approvals, including that of the Canadian Securities Exchange.
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