Sol Global Announces Binding Commitment from Strategic Investors for a CA$10 Million Private Placement of Corporate Debt

(Press Release – Toronto, CA, January 23, 2025)

Not intended for distribution to U.S. telecommunications services or dissemination within the United States

Sol Global Announces Binding Commitment from Strategic Investors for a CA$10 Million Private Placement of Corporate Debt

70% of net proceeds will be used to purchase additional SOLANA

SOL Global Investments Corp. (CSE: SOL) (FSE: 9SB) (“SOL Global” or the “Company”) is one of the first publicly traded companies focused on investing in Solana institutional investors. Binding Letter of Intent (“LOI”) dated January 22, 2025 for the sale of SOL Global’s unsecured convertible notes (the “Convertible Notes”) Principal Amount: 10,000,000 Canadian Dollar Corporate Bonds” (the “Offering”).

The Convertible Notes are convertible into units of the Company at a conversion price of $0.50 per unit, with each unit containing one common share of the Company (a “Common Share”) and one-half of a warrant. , the full amount of stock acquisition rights will be exercisable. Additional common shares may be acquired for 12 months at an exercise price of $0.65.

The Debentures shall be prepaid in the amount of $2,000,000 at Closing and in four additional prepayments of $2,000,000 each sixty (60) days after Closing. Holders of the Notes and SOL Global may mutually agree to accelerate the date of one or more prepayments.

Holders of the Notes are entitled to a $250,000 origination fee of 2.5%, settled by a reduction of the amount payable under the initial advance. The notes mature 24 months from the date of issuance and bear interest of 10%, payable in cash upfront and at maturity.

The LOI is a binding commitment of the purchaser and the transaction is subject to the execution of a definitive underwriting agreement and debentures, and certain customary conditions, including: ) is expected to be completed by. This includes, without limitation, receipt of all necessary regulatory and other approvals and is subject to the policies of the Canadian Securities Exchange (“CSE”).

Use of proceeds

The company plans to use 70% of the proceeds from the offering to acquire Solana tokens and strengthen its efforts in digital assets and blockchain technology.

strategic focus

This funding is in line with SOL Global’s strategy to expand its digital asset portfolio and capitalize on new opportunities in the blockchain and cryptocurrency sector. By allocating the majority of its proceeds to Solana tokens, the company reaffirms its belief in the potential of decentralized ecosystems.

The Units may be offered on a private placement basis in (i) all provinces of Canada subject to applicable exemptions from prospectus requirements in such provinces, and (ii) jurisdictions mutually agreed to by Agent and the Company, including the United States. will be done. States pursuant to applicable exemptions from U.S. registration requirements, and (iii) international or offshore jurisdictions pursuant to applicable exemptions from prospectus, registration, or other similar requirements in such international or offshore jurisdictions. In such jurisdictions, we are not required to prepare or file a prospectus, registration statement or similar document, in each case pursuant to applicable law.

All common shares and warrants issued under this offering are subject to a hold period of four months plus one day from the date of issuance of such securities under applicable securities laws in Canada.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, except as follows: , may not be offered or sold in the United States. We are registered under the United States Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.

For more information, please contact us below.

SOL Global Investments Co., Ltd.

Paul Kania, Interim CEO, CFO

Phone number: (212) 729-9208

Email: info@solglobal.com

Website: https://solglobal.com/

About SOL Global Investments Corp.

SOL Global is a diversified international investment and private equity holding company. The Company is in the process of selling its current investment partnerships and minority interests. SOL Global recently announced a shift in investments to focus exclusively on digital asset technologies, primarily Solana and Solana-based technologies.

Caution regarding forward-looking statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information may include, but is not limited to, forward-looking information. It is often identified by words such as “there is”, and similar expressions and descriptions. that an event, condition, or result “will”, “may”, “could”, “ought” to occur, or be achieved. Forward-looking information in this press release includes, without limitation, statements regarding the expected completion of the Private Placement. Proposed Use of Proceeds of Private Placement. and a statement regarding our intent to expand our investment in Solana. Forward-looking information reflects beliefs, opinions and expectations on the date the statements are made and, while believed to be reasonable by us, may inherently cause material business, technical, economic or competitive consequences. is based on numerous assumptions and estimates. uncertainties and contingencies, including the speculative nature of cryptocurrencies; Many factors, known and unknown, may cause actual results, performance or achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, our ability to complete the Private Placement on or in accordance with the proposed terms and proposed schedule; our ability to execute our business and investment plans; This includes the ability to raise debt or equity through future financing activities and to sell current investment partnerships and minority interests. Growth of the Solana Ecosystem. Growth and development of the decentralized finance and digital asset sector. Rules and regulations regarding decentralized finance and digital assets. general business, economic, competitive, political and social uncertainties; There can be no assurance that such forward-looking information will prove to be accurate, as actual results or future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information except in accordance with applicable securities laws.