Sol Global Investments Stock Price, News & Analysis

SOL Global Investments Corp. (CSE: SOL, OTCPK: SOLCF) reported its Q3 2022 financials, showing a net loss of ($173.6) million for the nine-month period ending August 31, 2022, a decline from $210.4 million net income year-over-year. The company's NAV per share decreased to $3.08 from $6.44. Despite these metrics, key investments in Damon Motors Inc., Tevva Motors Ltd., and Kiwi Campus Inc. are performing well, demonstrating resilience amidst market volatility.

SOL Global Investments Corp. has successfully reduced the principal amount of its $50 million credit facility to $5.518 million after repaying an additional $1.1 million. The company is committed to maintaining regular repayments towards this credit facility. This strategic move could strengthen their financial position moving forward.

However, the press release includes cautionary statements regarding forward-looking information, highlighting the inherent risks and uncertainties associated with future repayment capabilities.

SOL Global Investments Corp. reported unaudited financials for the six-month period ended May 31, 2022, showing a net loss of $161.1 million compared to a net income of $272.8 million for the same period in 2021. The total loss from investments reached $179.5 million, a significant decline from a gain of $327.5 million in the prior year. The Net Asset Value (NAV) per share decreased to $3.43 from $7.43 in 2021. Despite challenges in the market, the company's core investments in Damon Motors and Kiwi Campus remain strong. The company aims to continue debt repayment and diversify its portfolio.

SOL Global Investments Corp. has significantly reduced its Credit Facility from $50 million to $7.835 million, after repaying $3.05 million. The company plans to continue regular repayments on the remaining principal. This proactive financial management may enhance the company's creditworthiness and financial stability. SOL Global emphasizes its commitment to keeping stakeholders informed about any material changes regarding the Credit Facility and its repayment schedule.

SOL Global Investments Corp. has significantly reduced its Old Credit Facility from $50 million to $10.885 million through a new loan agreement with a private lender for CAD$10 million at a 9% interest rate. The company repaid an additional $550,000 towards the Old Credit Facility. SOL Global plans to continue regular principal payments on this facility, ensuring better debt management. The New Loan is backed by a subsidiary and secured by an indirect interest in real estate in Miami, Florida.

SOL Global Investments Corp. has successfully reduced its credit facility from $50 million to $21.379 million by repaying an additional $1.5 million. The company continues to make regular principal payments and plans to keep shareholders informed of any significant updates regarding the credit facility. However, the press release contains cautionary statements about potential risks and uncertainties that may affect the company's ability to meet its financial obligations in the future.

SOL Global Investments Corp. announced a reduction of its credit facility principal from $50 million to $22.879 million. The company has repaid an additional $1.0 million and aims to continue regular payments to decrease the outstanding amount. This strategic move may enhance SOL Global's financial stability and flexibility.