SonicStrategy Confirms Closing of $40 Million USD ($55M CAD) Sonic Token Investment From Sonic Labs

Core Points - SonicStrategy Inc. has closed a $40 million USD ($55 million CAD) investment in Sonic Tokens from Sonic Labs, structured as a convertible debenture [1][2] - The investment involves receiving 126,622,348.845 Sonic Tokens, valued at $40 million USD based on the price on August 30, 2025 [2] - The debenture is unsecured, non-interest-bearing, and matures on March 10, 2026, with a conversion option into common shares at $4.50 USD ($6.22 CAD) per share [3][4] Investment Structure - The debenture allows conversion into common shares based on the completion of specific capital raises, with varying amounts determining the proportion of the principal that can be converted [4] - If the company fails to meet the capital raising targets, it must return the Sonic Tokens to Sonic Labs as settlement for the principal amount [7] Strategic Implications - This investment is intended to support SonicStrategy's application to list its common shares on the Nasdaq Capital Markets, pending regulatory approval [8] - The partnership with Sonic Labs is aimed at bridging the Sonic ecosystem with global capital markets, enhancing institutional credibility and visibility [9] Company Overview - SonicStrategy Inc. serves as a public-market gateway to the Sonic blockchain ecosystem, providing compliant exposure to staking infrastructure and DeFi strategies [11] - Sonic Labs oversees the Sonic blockchain, which is noted for its high performance, speed, and innovative incentive model [12]