SOL Strategies filed a preliminary prospectus to issue securities with a value of up to $1 billion

PANews
PANews
SOL-1.35%

PANews reported on May 29 that according to the official announcement, Canadian listed company SOL Strategies Inc (CSE: HODL) announced that it would submit a preliminary short-form basic prospectus to the Canadian securities regulator, intending to raise up to $1 billion in the next two years through the issuance of common shares, warrants and other securities. The company is focused on investing in and building infrastructure for the Solana blockchain ecosystem, and has not yet confirmed a specific issuance plan.

Leah Wald, CEO of SOL Strategies, said the move will provide the company with funding flexibility to capitalize on investment opportunities in the fast-growing Solana ecosystem. The short form basic offering is subject to approval of a final prospectus, the terms of which will be disclosed in a supplemental prospectus.

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