SonicStrategy Completes CAD 2.25 Million SYN Financing

SonicStrategy (CSE: SONI, OTCQB: SONIF) announced the completion of the first phase of a non-brokered private placement, issuing 11,250,000 common shares at CAD 0.20 per share, totaling CAD 2.25 million, all transferred in the form of 7,922,535 SYN tokens, with no cash received. SYN is priced at USD 0.20 per token, with an agreed exchange rate of 1 USD to 1.42 CAD, equivalent to CAD 0.284. The company stated that from September 28 to October 7, the volume-weighted average price of SYN/USDC on Binance was approximately USD 0.1849. No warrants were issued in this phase, and no intermediary fees were paid; the shares are subject to a holding period restriction under Canadian securities law until February 9, 2027. Following the closing, a total of 60,870,466 common shares have been issued, with no new shareholders holding 10% or more. The first phase of the closing is still pending final acceptance by the Canadian Securities Exchange. CEO Dustin Zinger stated that this acquisition strengthens the company's digital asset portfolio and allows the company to engage with ecosystems including the on-chain options platform Hypercall. The received SYN is held in custody controlled by the company and can be used for staking, validating nodes, and operating digital asset infrastructure, or sold or converted to fund operations.

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