SonicStrategy raises 7.92M SYN by issuing 11.25M shares
- —11.25 million shares issued at C$0.20 in exchange for 7,922,535 SYN
- —Tokens valued at C$0.284 using a 1.42 CAD/USD rate
- —Binance SYN/USDC volume-weighted average price was $0.1849 from Sept 28 to Oct 7
- —Shares locked until Feb 9, 2027; total placement size up to C$4.5 million
Why it matters: The company is expanding its digital-asset treasury in exchange for equity dilution, a model investors now track through SYN and similar corporate crypto holdings.
Source: TokenPost