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Briefly
- Sal strategies have submitted a prospectus for preliminary base shelves in the amount of $ 1 billion to expand their capabilities raising.
- The submission of the application gives a companies flexibility to issue different securities with time, including shares and debt.
- No immediate offer is planned, but the move positions the strategy for the fast effect on the possibilities associated with salt.
Sal
The company announced that the move was to provide an increased “financial flexibility” in order to take advantage of the possibilities of the Solana ecosystem, he states submission Tuesday.
In other words, this move will allow the salt strategies to prepare for the potential increase in capital, allowing him to quickly move to the capabilities of Solana ecosystem without delay due to additional regulatory authorizations.
The document was submitted to the regulators of securities in all Canadian provinces and territories, and after completion, it will allow the company to offer various instruments, including common shares, debt securities, underdogs and subscriptions.
“The submission of the prospectus of the shelf bar supports our growth strategy by providing us with flexibility to access the capital that future opportunities appear in the rapidly developing ecosystems of the salt pans,” said Sol Sal Strategies, Executive Director of Sol Strategies.
The company also stated that there are no current plans for issuing securities within the prospectus and can finally decide not to do so.
“This strategic move increases our ability to act decisively when representing convincing investment options,” Wald added.
Sol strategies, formerly known as Cypherpunk Holdings, specializes in investing UI Provision of Infrastructure for Solana Blockchain.
Trade on Canadian securities exchange as part of the HODL label, the company aims to encourage the development of decentralized applications and services that affect the rapid, cheap salt network.
The company said there are currently no direct plans for issuing securities within the new prospectus of the shelf, but allows SOL strategies to respond quickly if the invested possibilities occur.
This move follows the announcement of April the salt of the strategy he had insured Convertible note of $ 500 million to finance additional salt shopping.
Solana remains one of the best digital agents, with an estimate of about $ 89.8 billion. The assets are slightly traded on a day at $ 172.29, the Coingecko data show.
Edited Sebastian Sinclair
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