SonicStrategy Announces Amendment to Debenture with Sonic Labs to Extend Maturity and Simplify Conversion Terms

Executive Summary

• SonicStrategy Inc. has amended its existing $40 million convertible debenture, extending the maturity from March 10 2026 to March 10 2029.
• The amendment keeps the debenture unsecured, non‑interest bearing and convertible at US$4.50 per share, with conversion contingent on achieving a NASDAQ listing and subject to a three‑year lock‑up.
• The company continues to hold 126,622,348.845 Sonic tokens valued at approximately US$9.75 million as collateral for the debenture.

Key Details

• Original Debenture: Announced September 11 2025; six‑month term expiring March 10 2026; principal US$40 million.
• Amended Terms:
• Maturity extended to March 10 2029 (or further extension by mutual agreement).
• Remains unsecured and non‑interest bearing.
• Conversion price fixed at US$4.50 per share (CAD $6.22).
• Conversion of the principal only upon successful NASDAQ listing.
• Shares issued on conversion will be subject to a three‑year lock‑up period.
• Collateral: Custody of 126,622,348.845 Sonic tokens valued at ~US$9.75 million (based on CoinMarketCap price as of December 30 2025).
• Purpose: Provides additional time and flexibility for the company to pursue a NASDAQ listing while maintaining token custody.
• Regulatory: Amendment subject to approval by the Canadian Securities Exchange (CSE).

Notable Quotes

“These renewed terms reflect the current market conditions in the digital asset treasury market. We are confident that interest in this sector will continue to grow, and this three‑year extension allows SonicStrategy to build momentum while supporting early‑stage projects within the Sonic ecosystem,” – Dustin Zinger, CEO, SonicStrategy Inc.