ConvertibleActive
2.5% Convertible Notes due 2028
STKE-Jan28A
BTC Holdings
0 BTC
Total Debt
$31.20M
Outstanding
C$27.50M
Insufficient history
Issue date
2025-01-16
Principal
C$27.50M
Coupon
2.50%
Maturity
2028-01-16
Conversion price
$20
- Conversion price adjusted from C$2.50 to C$20.00 for 1:8 reverse stock split
- 11,000,000 warrants at C$20.00 (post-split) expiring January 16, 2030
- Proceeds paid in SOL tokens
- No stated maturity; callable date used as effective maturity
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Unsecured
- Settlement
- Shares
- Payment frequency
- Semi-annual
- Rate type
- Fixed
- Call provision
- Redeemable in cash after January 16, 2028 at 112% of principal plus accrued and unpaid interest
- Use of proceeds
- SOL token treasury and validator operations expansion
Sources(2)
- Annual Report (40-F, FY 2…FilingAnnual Report (40-F, FY 2025)Note 12 — Convertible DebenturesSol Strategies Inc. — 2025-12-31
- Completion of C$27.5M Pri…Press ReleaseCompletion of C$27.5M Private Placement with ParaFi CapitalSol Strategies Inc. — 2025-01-16
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-01-16 | Issuance | C$27.50M | Completion of C$27.5M Pri… |
- 2025-01-16 — C$27,500,000press_release — Sol Strategies Inc.Source