The Canadian investment fund SOL Global Investments is raising 3.6 million dollars to purchase SOL

According to official news, the Canadian investment fund SOL Global Investments announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc., acting as joint lead underwriters and joint bookrunners, on behalf of a group of underwriters. According to the agreement, the underwriters will sell up to 18 million shares to the company at an issue price of $0.20 per share through an "efforts" agency issuance method; this issuance will bring a total fundraising amount of up to $3.6 million for the company. The company plans to use its net proceeds from the issuance to purchase Solana tokens at current market prices through cryptocurrency exchanges. At the same time, it is clear that Solana tokens obtained from net proceeds will not be used as collateral for any current or future secured debt of the company.