Core Viewpoint - SonicStrategy Inc. has extended its convertible debenture agreement with Sonic Labs for an additional three years, allowing the company to maintain custody of Sonic tokens while pursuing a NASDAQ listing [1][2]. Group 1: Convertible Debenture Details - The original convertible debenture was set for a six-month term expiring on March 10, 2026, and has now been extended to March 10, 2029, due to current market conditions [2]. - The amended debenture is unsecured, non-interest bearing, and convertible into common shares at a price of $4.50 USD ($6.22 CAD) per share, with a principal amount of US$40 million contingent upon achieving a NASDAQ listing [4]. - The company currently holds 126,622,348.845 Sonic tokens valued at approximately US$9.75 million based on CoinMarketCap pricing as of December 30, 2025 [3]. Group 2: Market Context and Company Strategy - The extension of the debenture reflects the current market conditions in the digital asset treasury market, with the company expressing confidence in the growth of interest in this sector [5]. - The three-year extension is intended to provide the company with the necessary time and flexibility to build momentum and support early-stage projects within the Sonic ecosystem [5].
SonicStrategy Announces Amendment to Debenture with Sonic Labs to Extend Maturity and Simplify Conversion Terms