Canadian investment fund SOL Global Investments is raising $3.6 million to buy SOL

According to official news, Canadian investment fund SOL Global Investments announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as joint lead underwriters and joint bookrunners, and on behalf of a group of underwriters. According to the agreement, the underwriters will sell up to 18 million shares to the company at an issue price of $0.20 per share in a "best effort" proxy offering; the offering will bring the company a total fundraising amount of up to $3.6 million. The company plans to use the net proceeds from its offering to purchase Solana tokens at current market prices through crypto exchanges. At the same time, the company made it clear that the Solana tokens obtained from the net proceeds of the offering will not be used as collateral for any current or future secured debts of the company.