ParaFiCapital

Sol Strategies raises CAD $27.5M via debt financing from ParaFi Capital

#SolStrategies secures CAD $27.5M by selling a convertible debt instrument to expand its footprint in the #Solana ecosystem. The entire amount has been committed by #ParaFiCapital . The funds will be used to grow the Company’s SOL treasury, expand revenue-generating validator operations, and for general working capital purposes.

The financing will involve the issuance of unsecured convertible debenture units (CD Units) for gross proceeds of CAD $27.5M. Each CD Unit includes a debenture with a principal amount of CAD $1,000 and 400 warrants. The Debentures carry an annual interest rate of 2.5%, payable semi-annually in cash or in common shares of the Company. They can be converted at any time into Shares at a conversion price of CAD $2.50 per Share. Each warrant grants the holder the right to purchase one Share at an exercise price of CAD $2.50, exercisable at any time up to five years after the Private Placement’s closing.

👉 newsfilecorp.com/release/236566