Sol Strategies increases offering to $30-million

Executive Summary

• Sol Strategies Inc. has increased the size of its previously announced private placement of units under the Listed Issuer Financing Exemption (LIFE) from $25 million to approximately $30 million.
• The upsized offering consists of 4.38 million units priced at $6.85 per unit, generating gross proceeds of $30,003,000.
• Net proceeds are intended for general corporate purposes and investments consistent with the company's investment principles, specifically for Solana treasury growth.

Key Details

• Offering Structure: Upsized LIFE offering of 4.38 million units.
• Price: $6.85 per unit.
• Gross Proceeds: $30,003,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to acquire one common share at an exercise price of $8.90.
• Warrant Expiry: 36 months from the closing of the offering.
• Agent/Bookrunner: Canaccord Genuity Corp., acting as agent and sole bookrunner on a best efforts, fully marketed basis.
• Commission: Cash commission of 6.0% of gross proceeds.
• Broker Warrants: Agent receives broker warrants equal to 6.0% of the number of units sold, exercisable to acquire one unit at $8.90 for 36 months from closing.
• Use of Proceeds: General corporate purposes and investments consistent with Sol Strategies' investment principles, for purposes of Solana treasury growth.
• Jurisdictions: Offered in all Canadian provinces except Quebec and in other offshore jurisdictions.
• Hold Period: No Canadian statutory hold period for common shares, warrants, or warrant shares.
• Eligibility: Eligible for RRSPs, RRIFs, RDSPs, RESPs, TFSAs, FHSAs, and DPSPs.
• Expected Closing: On or about October 1, 2025, subject to conditions including receipt of approvals from the Canadian Securities Exchange.

Notable Quotes

• None provided in the text.