Delivery in May 2026, institutions have a much longer timeline than retail investors.

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BlockBeatNews
Solana Treasury Company Solmate Plans to Raise $11.4 Million Through Equity Offering
BlockBeats News, May 21 — Solmate Infrastructure, a Solana treasury company listed on NASDAQ, announced the issuance of a total of 2,298,000 Class B common shares through a registered direct offering. The offering price is $4.97 per share, with an estimated total fundraising of approximately $11.4 million. The transaction is expected to be completed around May 27, 2026, depending on customary closing conditions.
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