Sol Global Investments Stock Price, News & Analysis

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.

SOL Global Investments Corp. reported significant financial challenges in its unaudited results for Q1 ended February 28, 2022. The company posted a net loss of $74 million, contrasting sharply with a net income of $208 million in the previous year—a $282 million decline. Total investment losses reached $82 million, compared to a gain of $244 million the year prior. The Net Asset Value (NAV) per share decreased to $5.14 from $7.12. Despite these setbacks, the company emphasizes its confidence in future growth from its diverse portfolio.

SOL Global Investments Corp. has appointed Kevin Taylor as the new CEO and Chairman, succeeding Andy DeFrancesco, who will remain involved in transitioning responsibilities. Taylor brings over 30 years of experience, most recently as CEO of TEReI International Limited. The company is actively seeking strategic alternatives to enhance growth and narrow the gap between its stock price and net asset value (NAV). An agreement has been made with DeFrancesco to adjust his compensation structure, tying payments to company performance.

SOL Global Investments Corp. has successfully reduced its credit facility from $50 million to $23.932 million by repaying an additional $2.0 million. The company plans to continue regular principal payments toward the facility. This strategic move enhances its financial stability and demonstrates SOL Global's commitment to managing its debt effectively. Further updates regarding the credit facility will be announced as they occur.

SOL Global Investments Corp. has announced a reduction in its credit facility from $50 million to $25.932 million, following a repayment of $2.943 million. The company intends to continue making regular principal payments on the credit facility. This strategic move reflects SOL Global's focus on improving its financial position and reducing debt.

SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced on March 4, 2022, the sale of 170,000 common shares of KWESST Micro Systems Inc. Following this transaction, SOL Global's stake in KWESST fell to approximately 9.95%, down from 10.29%. As a result, SOL Global is no longer obligated to file early warning reports under National Instrument 62-103 unless its holding exceeds 10% again. The filing delay was due to an administrative error. SOL Global operates in various sectors including retail, agriculture, and media technology.