Canadian investment fund SOL Global Investments is raising $3.6 million to buy SOL
Canadian investment fund SOL Global Investments has announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as joint lead underwriters and joint book managers, representing a group of underwriters. Under the agreement, the underwriters will sell up to 18 million shares to the company at an issue price of $0.20 per share through a "best efforts" agency offering, with a total fundraising amount of up to $3.6 million for the company. The company plans to use the net proceeds from the offering to purchase Solana tokens at current market prices through encrypted exchanges. At the same time, the company has made it clear that Solana tokens obtained from the net proceeds of the offering will not be used as collateral for any secured debt of the company, current or future.
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