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 Corp. (CNSX: SOL, OTCQ: SOLCF) announced a repayment of $2.5 million towards its $50 million credit facility, decreasing the principal to $45 million. This credit facility was initially secured to fund a non-convertible debenture acquisition. The Company plans to continue making similar repayments as it realizes profits from existing investments. SOL Global commits to providing updates on material changes related to the credit facility, including future payments.
SOL Global Investments Corp. announced the preliminary results of its substantial issuer bid, which closed on November 26, 2021. The company aimed to purchase up to $30 million worth of its common shares through a Dutch auction. Approximately 11.9 million shares were validly tendered, and SOL Global expects to buy around 7.4 million shares at a price of $4.05 each. Due to oversubscription, tendered shares will be prorated. The tax implications for Canadian shareholders were also addressed, estimating a paid-up capital of $2.114 per share.
SOL Global Investments Corp. announced that the Ontario Securities Commission granted an exemptive relief order allowing the company to extend its current substantial issuer bid without taking up all deposited common shares first. Launched on October 20, 2021, the offer allows shareholders to tender shares for a maximum purchase price of $30 million, with prices set between $4.05 and $4.25 per share. The offer is open until 11:59 p.m. Toronto time on November 26, 2021. SOL Global may extend the offer based on tendered shares and relevant circumstances.
SOL Global Investments Corp. has announced the commencement of principal repayments on its
The House of Lithium has increased its stake in Reby Inc. to 16.67% on a fully diluted basis with a $5 million convertible note investment. The note, issued on October 14, 2021, carries a 1% annual interest rate and converts into Reby's preferred stock upon equity financing. Reby, led by the young entrepreneur Pep Gómez, is profitable and focused on the European micro-mobility market, which is expected to grow significantly. The investment strengthens the partnership between the two organizations, highlighting a shared vision for electric vehicle development.
House of Lithium, associated with
Through a Portfolio Sale, SOL divested its electric vehicle assets valued at approximately $79.7 million to House of Lithium, receiving 39,870,943 Class B shares in return. The company has ongoing plans to further enhance its market position and pursue a public listing.
SOL Global Investments Corp. reported a net income of $210.4 million for the nine months ending August 31, 2021, up from $47.9 million in the same period a year prior, a change of $160.7 million. However, the company faced a loss of $62.4 million in Q3 of 2021 due to a $68.5 million settlement cost. Total gains from investments reached $347.4 million for the nine-month period, compared to $90.3 million the previous year. Additionally, the net asset value per share increased to $6.44, a 131% rise year-over-year.
SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced the launch of a substantial issuer bid to purchase up to $30 million of its common shares. The offer will be executed via a Dutch auction, with shareholders allowed to specify tender prices between $4.05 and $4.25 per share. If the total purchase price exceeds the available amount, shares will be bought on a pro rata basis, excluding odd lot holders. The offer is open until November 26, 2021, and detailed documents have been mailed to shareholders.
SOL Global Investments Corp. (CSE: SOL, OTCQ: SOLCF) announced a substantial issuer bid aiming to purchase up to
The offer will be conducted via a Dutch auction, with a price range set between
The offer is non-binding, allowing shareholders to decide on participation, and will remain open for 35 days from commencement, subject to conditions outlined in forthcoming documents.
SOL Global Investments Corp. (CSE: SOL, OTCPK: SOLCF) has announced the establishment of a specialized investment company, House of Lithium. This new venture aims to target businesses involved in the green revolution and will facilitate the divestment of SOL Global's current green tech investments to its new subsidiary. House of Lithium aims to raise approximately CAD $8 million through a go-public transaction, focusing on sectors like electric mobility, hydrogen power, and energy-efficient solutions.
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