According to Odaily, Canadian investment fund SOL Global has announced the signing of a binding letter of intent to sell its unsecured convertible debentures, with a principal amount of CAD 10 million. The funding will be provided in advance, with an initial payment of USD 2 million upon the completion of the transaction. Following this, four additional payments of USD 2 million each will be made every 60 days. The letter of intent represents a binding commitment from the buyer, and the transaction is expected to be finalized by January 30, 2025. This completion is contingent upon the signing of a definitive subscription agreement and debentures, as well as meeting certain customary conditions, including obtaining all necessary regulatory and other approvals, and is subject to the policies of the Canadian Securities Exchange.