Sol Global Completes Strategic Reorganization of Non-solana Assets and Removes All Encumbered Debt

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TheNewsCrypto 14h ago

Sol Global Completes Strategic Reorganization of Non-solana Assets and Removes All Encumbered Debt - TheNewsCrypto

Quick Summary:

As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana.

As a result of SOL Global holding all of the Non-Voting Common Shares of the Asset Vehicle, any possible gain in the Transferred Assets will be largely held by SOL Global, however, SOL Global will not hold any voting rights in the Asset Vehicle.

After giving effect to the Reorganization, SOL is the sole holder of all Non-Voting Common Shares, and the second lien lender under the Loan Agreement (the “Second Lien Lender”), is the sole holder of all voting common shares in the capital of the Asset Vehicle (the “Voting Shares”).