Sol Strategies increases offering to $30-million

Mr. Doug Harris reports SOL STRATEGIES INC. INCREASES PREVIOUSLY ANNOUNCED LIFE OFFERING OF UNITS Sol Strategies Inc. has agreed to increase the size of its previously announced private placement of up to $25-million of units of the company pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions and Coordinated Blanket Order 45-935 of the Canadian Securities Administrators. The upsized LIFE offering will consist of 4.38 million units of the company at a price of $6.85 per unit for gross proceeds of $30,003,000. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable to acquire one common share at a price of $8.90 for a period of 36 months from the closing of the offering. The upsized LIFE offering will be conducted on a best efforts, fully marketed basis by Canaccord Genuity Corp., acting as agent and sole bookrunner. The company intends to grant the agent a cash commission equal to 6.0 per cent of gross proceeds, plus broker warrants equal to 6.0 per cent of the number of units sold, exercisable to acquire one unit at a price of $8.90 for a period of 36 months from the closing of the LIFE offering. The net proceeds from the LIFE offering will be used for general corporate purposes and investments consistent with Sol Strategies' investment principles, for purposes of Solana treasury growth. Key terms of the LIFE offering Revised offering size: up to $30,003,000; Pricing: $6.85; Warrants: each whole warrant exercisable at $8.90, representing a 30-per-cent premium to the unit price, for 36 months; Jurisdictions: offered in all Canadian provinces except Quebec and in other offshore jurisdictions in accordance with applicable laws; Hold period: common shares, warrants and warrant shares issued under the LIFE will not be subject to a Canadian statutory hold period; Eligibility: common shares and warrants will be eligible investments for RRSPs, RRIFs, RDSPs, RESPs, TFSAs, FHSAs and DPSPs; Closing: expected on or about Oct. 1, 2025, or such other date as the company and the agent may agree. Closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including from the Canadian Securities Exchange. There is an updated offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision. Copies of the offering document may also be obtained from the agent at [email protected]. About Sol Strategies Inc. Sol Strategies is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications. We seek Safe Harbor.