Canadian investment fund SOL Global Investments is raising $3.6 million to buy SOL
Canadian investment fund SOL Global Investments has announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as joint lead underwriters and joint book managers, representing a group of underwriters. Under the agreement, the underwriters will sell up to 18 million shares to the company at an issue price of $0.20 per share through a "best efforts" agency offering, with a total fundraising amount of up to $3.6 million for the company. The company plans to use the net proceeds from the offering to purchase Solana tokens at current market prices through encrypted exchanges. At the same time, the company has made it clear that Solana tokens obtained from the net proceeds of the offering will not be used as collateral for any secured debt of the company, current or future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy Buys $1.5B in Bitcoin, Raising BTC Holdings at 439K
The company's BTC holdings are now worth over $46.7 billion at current prices
Bitcoin Hit a New ATH Above $107K, as BTC ETFs Recorded 13 Consecutive Inflow Days
Since November 27, BTC ETFs recorded almost $6 billion in inflows, amidst rising institutional interest
AAVE drops below $360
An address made a profit of $87,000 by adding $6 PENGU and $1,100 SOL to the liquidity pool