ChainCatcher News, Canadian listed company Sol Strategies Inc. announces the completion of a private placement financing of 27.5 million Canadian dollars, with ParaFi Capital committing to a full investment. The funds will be used to expand the SOL reserves of the Solana ecosystem, enhance validator operations, and support daily operations. 💼

This financing is in the form of convertible bond units, with each unit containing a convertible bond with a face value of 1,000 Canadian dollars and 400 warrants, with an annual interest rate of 2.5%. The conversion price and the warrant exercise price are both 2.50 Canadian dollars per share. 📈

Investors can redeem after three years at 112% of face value plus accrued interest, with an expected delivery date of January 16, 2025. 📅

This financing injects new vitality into the Solana ecosystem and is worth ongoing attention. 🔍