Solana Company issues 3.08 million shares through private placement

Solana Company Announces Registered Direct Offering to Expand SOL Holdings

The company states it will issue approximately 3,076,922 Type A common shares at $2.60 per share to increase its Solana digital asset holdings (SOL).

Key Points of the Deal

The agreement was signed with global institutional investors. In addition to the issuance, the company has a repurchase option agreement, whereby investors can request the company to buy back all or part of the purchased shares in certain cases.

Repurchase Terms

The buyback price will be equal to the original purchase price plus an annual internal rate of return of 7.0%. The specific conditions for activating this right are not yet clear.

Summary

This transaction demonstrates Solana Company’s continued efforts to increase exposure to SOL digital assets through equity issuance funding.

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