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. (SOLCF) generates frequent news as it refines its role as an institutional investment company in the cryptocurrency and blockchain ecosystem. Company announcements emphasize its focus on blockchain tokens, particularly Solana, and on early-stage ventures built on blockchain infrastructure.
News items for SOL Global often cover its strategic positioning in the Solana ecosystem, including updates on token acquisitions and portfolio composition. The company has reported a reorganization in which it transferred non-Solana assets and certain liabilities into a separate vehicle, leaving Solana assets and an equity interest in that vehicle as its primary holdings. Releases also describe financing activities, such as private placements of convertible debentures and warrants, and transactions involving the issuance of common shares to settle indebtedness.
Corporate governance and leadership developments are another recurring theme. SOL Global has announced changes to its board of directors and executive team in connection with its strategic shift toward digital asset and blockchain sectors. These updates are presented as part of aligning its governance with a focus on cryptocurrency, decentralized finance, and blockchain-related investments.
In addition, the company issues news about its portfolio companies and related digital asset initiatives. For example, it has provided updates on McQueen Labs Inc. (MCQ Markets), a portfolio company that operates a platform for exposure to rare cars and is pursuing a digital asset roadmap. Investors following SOLCF news can review these releases to track how the company describes its evolving strategy, capital structure decisions, and involvement in blockchain-focused ventures.
SOL Global Investments Corp. has announced a reduction in its credit facility from
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.
SOL Global Investments Corp. has reduced its credit facility from
SOL Global Investments Corp. announced on February 3, 2022 the disposal of 1,300,000 Common Shares of Atmofizer Technologies Inc., reducing its holding to less than 10% of the issued shares. Prior to this disposition, SOL owned 7,139,200 Common Shares, constituting 10.30% of Atmofizer. Following the transaction, SOL holds 5,839,200 Common Shares and 1,299,999 Warrants, approximately 8.71% of the issued shares on a partially diluted basis. SOL Global is no longer obligated to file early warning reports unless its ownership surpasses 10% again.
SOL Global Investments Corp. has successfully reduced its credit facility from
The company acknowledges that forward-looking information is subject to inherent risks and uncertainties, regarding its ability to maintain repayment schedules and service existing debt.
SOL Global Investments Corp. has successfully repaid $2.5 million towards its $50 million credit facility, reducing the principal to $32.5 million. This repayment highlights the company’s commitment to managing its debt responsibly. SOL Global plans to continue these regular principal payments, which is a positive step towards improving its financial stability. The company emphasizes ongoing updates regarding the Credit Facility, reassuring stakeholders about its repayment strategy.
SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced the acquisition of 62,500 common shares of Atmofizer Technologies Inc. (ATMO) on December 20, 2021, at an average price of CAD$2.618 per share. This transaction increased SOL Global's ownership in ATMO from 8.34% to 8.42% on a non-diluted basis. SOL Global also holds 1,299,999 warrants, allowing for potential ownership of 10.00% of ATMO shares if exercised. The company's investment strategy remains flexible, with intentions to adjust holdings based on market conditions.
SOL Global Investments Corp. has reduced its credit facility from
SOL Global Investments Corp. has successfully repaid an additional
SOL Global Investments Corp. has announced a reduction in the principal amount of its Credit Facility from