Canadian investment fund SOL Global Investments is raising $3.6 million to purchase SOL

According to official sources, Canadian investment fund SOL Global Investments announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as joint lead underwriters and joint bookkeepers, representing a group of underwriters. According to the agreement, the underwriters will issue up to 18 million shares to the company at a price of $0.20 per share through a "best effort" proxy issuance method; This issuance will bring the company a total fundraising amount of up to $3.6 million. The company plans to use the net proceeds from its issuance to purchase Solana tokens at the current market price through a cryptocurrency exchange. At the same time, the company clarifies that Solana tokens obtained from the net proceeds of the issuance will not be used as collateral for any current or future secured debts of the company.