Welcome to our dedicated page for Sol Global Investments news (Ticker: SOLCF), a resource for investors and traders seeking the latest updates and insights on Sol Global Investments stock.
SOL Global Investments Corp. (OTC: SOLCF) provides institutional-grade exposure to blockchain innovation through strategic digital asset investments and Solana ecosystem development. This news hub offers investors centralized access to official announcements, financial updates, and operational milestones.
Key resources include earnings reports, venture capital activity in SOL Global Ventures Inc., token acquisition strategies, and blockchain infrastructure developments. The company’s focus on staking rewards and liability management through recent restructuring forms a recurring theme across communications.
Bookmark this page for timely updates on Solana network integrations, partnership announcements, and portfolio company progress. All content is sourced from verified corporate disclosures to maintain compliance and accuracy standards expected by institutional investors.
SOL Global Investments announces key debt restructuring initiatives. The company secured an extension until September 30, 2025, on its debt facilities through accommodation agreements with senior secured creditor Braebeacon Holdings (BHI). SOL's current debt to BHI is $13.2M, while its subsidiary House of Lithium owes $15.4M. The company will issue 8M common shares at $0.15 per share to satisfy a $1.2M fee to BHI.
Additionally, SOL reached agreements with creditors to settle $5.5M in debt through the issuance of 36.9M common shares at $0.15 per share, representing a premium to market price. This includes a related-party transaction with PLK Accounting & Finance for approximately $1M in debt settlement.
SOL Global Investments Corp. (CSE: SOL) (OTC: SOLCF) has announced a strategic shift to focus primarily on the Solana blockchain network through its renamed subsidiary 'SOL Focused Investments '. Following successful exits from Core Scientific Inc. and other investments, the company will concentrate on Solana Blockchain and derived technologies. The company's portfolio includes successful investments in digital assets, including Tokenise International (acquired by VERO Labs), Bitbuy (acquired by WonderFi), and Build A Rocket Boy , a game studio developing the metaverse game Everywhere.
SOL Global reported unaudited financial results for Q3 2024, showing a net loss of ($2.9) million for the nine-month period ended August 31, 2024, compared to ($19.1) million in the same period of 2023. Total loss from investments was ($22.3) million for the nine-month period. The company's Net Asset Value (NAV) per share decreased to $0.09 from $0.72 year-over-year. The report highlights key portfolio developments, including Damon Motors' reverse merger agreement with Inpixon, Kiwibot's acquisition of an ad startup, and Navier's delivery of America's first all-electric hydrofoiling boat. Core Scientific successfully completed Chapter 11 reorganization, and House of Lithium won a favorable ruling in the Reby lawsuit.
SOL Global Investments Corp. (CSE: SOL) (OTC Pink: SOLCF) reported unaudited financial results for Q2 2024, ending May 31. The company recorded a net loss of $4.5 million for the six-month period, an improvement from the $12.2 million loss in the same period last year. The total loss from investments was $20.7 million, compared to $9.4 million in the previous year. The unaudited Net Asset Value (NAV) per share decreased to $0.06 from $0.89 year-over-year.
SOL Global provided updates on its portfolio companies, including Damon Motors, Kiwibot, Navier, Core Scientific, Zapata AI, Build a Rocket Boy, Jones Soda, and Simply Better Brands. The company also reported progress on its real estate project in Wynwood, Miami. As of June 30, 2024, SOL Global had reduced its debenture balance to $18,896,029, repaying $1,714,851 in the current fiscal year.
SOL Global Investments Corp. provided unaudited financial results for Q1 2024, reporting a net loss decrease of $9.3 million, total unrealized gains, and realized losses. The NAV per share was $0.11. Portfolio highlights include Damon Motors Inc.'s strategic merger, Tevva Motors 's PITrG eligibility, Kiwi Campus Inc.'s expansion, Navier's partnerships, Core Scientific's reorganization, Andretti Acquisition Corp.'s merger with Zapata AI, Build a Rocket Boy's funding raise, Jones Soda Co.'s market share growth, Simply Better Brands Corp.'s sales growth, and House of Lithium's support for electric mobility. Additionally, a prestigious residential project is underway in Wynwood.
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