Sol Strategies arranges $25-million private placement

Executive Summary

• Sol Strategies Inc. has announced a private placement of up to C$25 million in units under the Listed Issuer Financing Exemption (LIFE).
• Each unit consists of one common share and one common share purchase warrant, priced at $6.85 per unit.
• 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 Size: Up to C$25 million.
• Instrument: Units, each consisting of one common share and one common share purchase warrant.
• Unit Price: $6.85.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one additional common share.
  • Exercise Price: $8.90 per share (representing a 30% premium to the unit price).
  • Term: 36 months following closing.
• Agent/Underwriter: Canaccord Genuity Corp. acting as lead agent and sole bookrunner on a best efforts, fully marketed basis.
• Compensation:
  • Cash commission: 6.0% of gross proceeds.
  • Broker warrants: 6.0% of the number of units sold, exercisable for 36 months at $8.90.
• Use of Proceeds: General corporate purposes and investments consistent with Sol Strategies' investment principles, specifically for 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 issued under the LIFE exemption.
• 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 necessary approvals (including from the Canadian Securities Exchange).
• Regulatory Basis: Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 and Coordinated Blanket Order 45-935.