SonicStrategy amends private placement terms, splits offering in two
SonicStrategy Inc. (CSE: SONI) (OTCQB: SONIF) has amended the terms of its previously announced non-brokered private placement, originally disclosed on September 22, 2026, according to a press release from the Toronto-based company.
The offering remains structured for gross proceeds of up to $4,500,000 but is now divided into two equal components. The cash offering will consist of up to 11,250,000 units at $0.20 per unit, with each unit comprising one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to purchase one additional common share at $0.25 for 24 months from the date of issuance.
The warrants include an acceleration provision. If the closing price of the company's common shares on the CSE reaches or exceeds $0.75 for 10 consecutive trading days, the company may accelerate the expiry date, with warrants expiring 30 days after a notice is issued.
The digital asset offering will consist of up to 11,250,000 common shares at $0.20 per share, with no warrants attached. Digital assets received will be valued at the lower of a fixed reference price and the 10-trading-day volume-weighted average price of each digital asset.
The company states it intends to use cash proceeds to expand its digital asset treasury and validator operations, as well as for general working capital. Digital assets received are expected to be held in treasury or deployed in staking and validator operations.
Finder's fees of up to 6% in cash commissions and up to 6% in broker warrants may be paid. All securities issued will be subject to a four-month-and-one-day hold period. Closing remains subject to CSE approval.
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