None
SEDAR Interim Financial Statements
SOL · Price
[
{
"companyName": "SOL Global Investments Corp.",
"reportingPeriodEnd": "2025-08-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
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"capitalStock": 161569384,
"contributedSurplusDeficit": 23017462,
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"totalShareholdersEquityDeficiency": 6503167,
"cashPerShare": 0.0012,
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},
"incomeStatement": {
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"netChangeInFairValueOfInvestments": {
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"interestAndOtherIncome": {
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"foreignExchangeLossGain": {
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"totalRevenueLoss": {
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"salariesAndConsulting": {
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"shareBasedCompensation": {
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"generalAndAdministrative": {
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"interestExpense": {
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"financingExpense": {
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"professionalFeesAndTransactionCosts": {
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"revaluationLossOnDigitalCurrency": {
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},
"totalExpenses": {
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"lossBeforeIncomeTaxes": {
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"nineMonth2024": -29783626
},
"currentIncomeTaxesRecoveryExpense": {
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"nineMonth2025": 0,
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},
"netLoss": {
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"nineMonth2024": -2854126
},
"netLossPerShareBasic": {
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"nineMonth2025": -0.07,
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},
"netLossPerShareDiluted": {
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},
"weightedAverageNumberOfSharesOutstandingBasic": {
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"weightedAverageNumberOfSharesOutstandingDiluted": {
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},
"cashFlowStatement": {
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},
"itemsNotAffectingCash": {
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},
"realizedGainLossOnInvestments": {
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},
"depreciationExpense": {
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"accruedInterestIncome": {
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},
"accretionExpenses": {
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},
"shareBasedCompensation": {
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},
"changesInNonCashWorkingCapital": {
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},
"otherReceivables": {
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},
"interestPayable": {
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},
"accountsPayableAndAccruedLiabilities": {
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},
"incomeTaxPayableRecovery": {
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},
"reOrganizationTransferOfAssetsAndLiabilities": {
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}
},
"purchaseOfInvestmentsPromissoryNotesDigitalCurrency": {
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"nineMonth2024": -1740928
},
"proceedsOfDispositionOfInvestmentsPromissoryNotes": {
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},
"netCashUsedInFromOperatingActivities": {
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}
},
"financingActivities": {
"principalRepaymentOnDebentures": {
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},
"financingFeesRepaymentOnDebenture": {
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"nineMonth2024": -5359346
},
"financingFeesOnDebentureTermLoan": {
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},
"severancePayable": {
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},
"severanceRepayment": {
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},
"financingExpenseOnSeverancePayable": {
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},
"additionalDebtOnDebenture": {
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},
"principalRepaymentOnTermLoan": {
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},
"promissoryNotePayableRepayment": {
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},
"termLoanInterestPayment": {
"nineMonth2025": -357195,
"nineMonth2024": 0
},
"interestPaymentOnDebenture": {
"nineMonth2025": -180049,
"nineMonth2024": -4792577
},
"convertibleDebtPrivatePlacement": {
"nineMonth2025": 4000000,
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},
"convertibleDebtExercised": {
"nineMonth2025": 1564909,
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},
"privatePlacementEquity": {
"nineMonth2025": 3600000,
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},
"promissoryNote": {
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"nineMonth2024": 0
},
"privatePlacementBrokerAndLegalFees": {
"nineMonth2025": -970219,
"nineMonth2024": 0
},
"dsusExercised": {
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"nineMonth2024": 0
},
"proceedsReceivedFromWarrantExercise": {
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},
"netCashFromUsedInFinancingActivities": {
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"nineMonth2024": -5907410
}
},
"netChangeInCashDuringThePeriod": {
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"nineMonth2024": -88487
},
"cashBeginningOfPeriod": {
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"nineMonth2024": 113841
},
"cashEndOfPeriod": {
"nineMonth2025": 187989,
"nineMonth2024": 25354
}
},
"investmentsAndOtherAssets": [
{
"type": "Common shares",
"description": "Common shares in public and private companies",
"ownershipPercentage": null,
"value": 1502574,
"notes": "Valued at fair value"
},
{
"type": "Equity investment in digital asset fund",
"description": "Investment in digital asset fund at FVTPL",
"ownershipPercentage": null,
"value": 1678170,
"notes": "Acquired Solana tokens subject to vesting"
},
{
"type": "Convertible Debt",
"description": "Convertible debentures in private company",
"ownershipPercentage": null,
"value": 1975608,
"notes": "Convertible into Series F Convertible Preferred Shares"
},
{
"type": "Digital assets",
"description": "Solana (SOL) tokens and USDC",
"ownershipPercentage": null,
"value": 6273806,
"notes": "Held as intangible assets, revalued at fair value"
},
{
"type": "Joint Venture",
"description": "Real estate development project (commercial asset)",
"ownershipPercentage": 27.81,
"value": 0,
"notes": "Transferred to Asset Vehicle as part of reorganization"
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 229997433,
"classesOfShares": ["Common Shares"],
"warrants": [
{
"number": 9000000,
"exercisePrice": 0.3,
"expiryDate": "2026-12-03"
},
{
"number": 1260000,
"exercisePrice": 0.2,
"expiryDate": "2026-12-03"
},
{
"number": 7272000,
"exercisePrice": 0.55,
"expiryDate": null
},
{
"number": 289062,
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"expiryDate": null
}
],
"options": [],
"rightsConvertibleInstruments": "Convertible debt (asset and liability), DSUs"
},
"managementCompensation": {
"currency": "CAD",
"periods": ["nineMonth2025", "nineMonth2024"],
"namedIndividuals": [
{
"name": "Davide Marcotti",
"title": "President & Chief Executive Officer",
"period": "nineMonth2025",
"components": {
"salary": 45000,
"bonus": 0,
"total": 45000
}
},
{
"name": "Paul Kania",
"title": "Former Interim Chief Executive Officer & Chief Financial Officer",
"period": "nineMonth2025",
"components": {
"salary": 247684,
"bonus": 776225,
"total": 1023909
}
},
{
"name": "Pad Gopal",
"title": "Chief Financial Officer",
"period": "nineMonth2025",
"components": {
"salary": 135000,
"bonus": 125000,
"total": 260000
}
},
{
"name": "Deena Siblock",
"title": "Vice President & Director",
"period": "nineMonth2025",
"components": {
"salary": 67500,
"bonus": 0,
"total": 67500
}
},
{
"name": "Mehdi Azodi",
"title": "Former Director",
"period": "nineMonth2025",
"components": {
"salary": 0,
"bonus": 70000,
"total": 70000
}
},
{
"name": "Jason Batista",
"title": "Director",
"period": "nineMonth2025",
"components": {
"salary": 0,
"bonus": 70000,
"total": 70000
}
},
{
"name": "John Zorbas",
"title": "Director",
"period": "nineMonth2025",
"components": {
"salary": 0,
"bonus": 70000,
"total": 70000
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "House of Lithium",
"description": "Management fee and receivables",
"amount": 0,
"period": "nineMonth2025"
},
{
"counterparty": "Former director affiliate company",
"description": "Convertible debt financing - payment not received in full",
"amount": 2500000,
"period": "nineMonth2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-08-14",
"description": "Partnered with Hex Trust to enhance digital asset strategy.",
"impactValue": null
},
{
"eventDate": "2025-09-09",
"description": "Confirmed all 29,858 Solana tokens are staked, generating annual yield of approximately 6.35%.",
"impactValue": 565390
},
{
"eventDate": "2025-09-22",
"description": "Announced progress under new CEO, including debt elimination and U.S. OTC listing.",
"impactValue": null
}
]
}
]