Deep Tide TechFlow News, on January 9, the Canadian listed company Sol Strategies Inc. (CSE: HODL), focused on investing in the Solana ecosystem, announced the completion of a private placement financing of 27.5 million Canadian dollars, fully subscribed by ParaFi Capital. The funds will be used to expand SOL reserves, grow the validator business, and for daily operations.

This financing includes convertible debenture units, each unit containing a face value of 1,000 Canadian dollars in convertible debentures and 400 warrants, with an annual interest rate of 2.5%, and a conversion price and warrant exercise price of 2.50 Canadian dollars per share. The convertible debentures can be redeemed three years later at 112% of the face value plus accrued interest, with settlement expected to be completed on January 16, 2025.