ConvertibleActive
2.5% Convertible Notes due 2028
STKE-Jan28B
BTC Holdings
0 BTC
Total Debt
$31.20M
Outstanding
C$2.50M
Insufficient history
Issue date
2025-01-21
Principal
C$2.50M
Coupon
2.50%
Maturity
2028-01-21
Conversion price
$37.28
- Conversion price adjusted from C$4.66 to C$37.28 for 1:8 reverse stock split
- 535,000 warrants at C$37.28 (post-split)
- 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 21, 2028 at 112% of principal plus accrued and unpaid interest
- Use of proceeds
- SOL token treasury
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 Second Tran…Press ReleaseCompletion of Second Tranche Private Placement of C$2.5MSol Strategies Inc. — 2025-01-24
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-01-21 | Issuance | C$2.50M | Completion of Second Tran… |
- 2025-01-21 — C$2,500,000press_release — Sol Strategies Inc.Source