SOL Global Investments, a Canadian investment fund, announced that it has entered into an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as joint lead underwriters and joint bookrunners, and on behalf of a group of underwriters.
Under the agreement, the underwriters will sell up to 18 million shares to the company at a price of $0.20 per share in a "best push" proxy offering, which will bring the company up to $3.60 million in total proceeds. The company plans to use the net proceeds of its offering to purchase Solana tokens through crypto exchanges at current market prices. At the same time, the company makes it clear that the Solana tokens obtained from the net proceeds of the offering will not be used as collateral for any current or future secured debt of the company.
Canadian investment fund SOL Global Investments is raising $3.60 million to buy SOL
2024-11-20 10:07:00
Canada investment fund sol global investments announce canaccorddesk3cryptocurrencydesktopCrypto News
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