SOL Strategies files $1 billion preliminary infrastructure prospectus

May 29 news, Canadian listed company SOL Strategies has submitted a preliminary short-form base shelf prospectus to securities regulators in Canadian provinces and territories, aiming to raise up to $1 billion through the issuance of common shares, warrants, and other securities over the next two years. Once the prospectus receives final approval, the company will be allowed to issue common shares (including "at-the-market" offerings), warrants, subscription receipts, units, debt securities, or any combination thereof. The company's CEO Leah Wald stated that this move will enhance the company's flexibility in seizing investment opportunities within the Solana ecosystem. Currently, the company has no immediate plans to issue any securities under this prospectus.