Sol Strategies received a private investment of 27.5 million CAD from ParaFi Capital, which will be used to expand SOL reserves and more

ChainCatcher news, focusing on investment in the Solana ecosystem, Canadian listed company Sol Strategies Inc. announced a private placement financing of 27.5 million CAD, with ParaFi Capital committing to fully invest. The funds will be used to expand SOL reserves, grow the validator business, and support daily operations.

This financing includes convertible debenture units, each unit consisting of a 1,000 CAD face value convertible debenture and 400 warrants, with an annual interest rate of 2.5%. The conversion price and warrant exercise price are both 2.50 CAD per share. The convertible debentures can be redeemed after three years at 112% of face value plus accrued interest, with settlement expected to be completed on January 16, 2025.