Sonicstrategy extends debenture with Sonic Labs

Executive Summary

• Sonicstrategy Inc. has entered into an amendment with Sonic Labs to extend the maturity of a previously announced convertible debenture by three years, moving the expiration from March 10, 2026, to March 10, 2029.
• The extension provides the company with additional time and flexibility to pursue a Nasdaq listing while maintaining custody of Sonic tokens held as collateral.
• The debenture remains unsecured, non-interest bearing, and convertible into common shares at $4.50 USD per share, with conversion contingent solely upon achieving a Nasdaq listing.

Key Details

• Transaction Type: Amendment to Convertible Debenture.
• Counterparty: Sonic Labs.
• Maturity Extension: The original debenture term (announced Sept. 11, 2025) is extended from March 10, 2026, to March 10, 2029.
• Principal Amount: $40 million (U.S.).
• Asset Custody: The company maintains custody of 126,622,348.845 Sonic tokens received under the debenture.
• Asset Valuation: The Sonic tokens have an approximate value of $9.75 million (U.S.), based on CoinMarketCap pricing as of Dec. 30, 2025.
• Debenture Terms:
  • Unsecured and non-interest bearing.
  • Conversion price: $4.50 (U.S.) / $6.22 (Canadian) per share.
  • Conversion Condition: Contingent solely upon the company achieving a Nasdaq listing.
  • Lock-up: Any common shares issued upon conversion are subject to a three-year lock-up period.
• Regulatory Status: The amendment is subject to approval by the Canadian Securities Exchange.

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," said Dustin Zinger, chief executive officer of Sonicstrategy.