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
Navigating Crypto Volatility: How Bitcoin and Altcoins Influence Your Trading Choices
Understanding the Impact of Market Volatility on Crypto Trading: A Look at the Risk and Reward in Bitcoin and Altcoins

Bitcoin Plunge Signals Opportunity to Buy as USDT Flow Peaks in Six Months
Analyzing Stablecoin Spikes amid Bitcoin's Decline: A Sign of Impending Rally or a Word of Caution?

Keeping Faith in Bitcoin: Unraveling the 2017 Cycle and the Power of HODLing Strategy
Identifying Parallels Between BTC's Current Trends and Its Performance Four Years Prior - Should Investors Hold Firm or Alter Approaches?

Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?

Trending news
MoreCrypto prices
More








