Digital asset infrastructure company SonicStrategy completed a CAD 2.25 million SYN financing

On October 8, SonicStrategy (CSE: SONI, OTCQB: SONIF), a digital asset infrastructure company listed in Toronto, Canada, announced the completion of the first phase of a non-brokered private placement, issuing 11,250,000 common shares at a price of CAD 0.20 per share, totaling CAD 2.25 million, all settled in 7,922,535 SYN tokens, without receiving cash.

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, with the price confirmed in writing by all parties and approved by the board of directors. 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. After the closing, the total issued common shares are 60,870,466, 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 access 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 and converted to fund operations.