Toronto-based Sol Methods Inc. has submitted a Type 40-F registration assertion to the U.S. Securities and Alternate Fee
Toronto-based Sol Methods Inc. has submitted a Type 40-F registration assertion to the U.S. Securities and Alternate Fee, looking for to checklist its shares on the Nasdaq Capital Market below the ticker “STKE.” The corporate, already quoted on the Canadian Securities Alternate, stated the cross-border itemizing would give it higher entry to U.S. traders and deepen liquidity.
Sol Methods has constructed its technique across the Solana blockchain, holding roughly 420,000 SOL tokens—valued at about US$72 million—and working a number of validator nodes. The agency positions itself as an institutional car for publicity to the community, mirroring the treasury-focused method that some publicly traded corporations have taken with Bitcoin.
As a overseas personal issuer, Sol Methods plans to proceed following Canadian disclosure requirements whereas benefiting from exemptions from sure U.S. reporting necessities. The Nasdaq submitting follows the corporate’s April settlement for a US$500 million convertible be aware facility with New York-based ATW Companions and its Could shelf prospectus in Canada that enables it to lift as much as US$1 billion in future choices.
Shares of Sol Methods rose about 4 p.c in early buying and selling after the announcement. The transfer underscores rising institutional curiosity in Solana-linked funding autos, whilst the broader digital-asset market stays unstable and regulatory scrutiny of crypto-focused enterprise fashions intensifies.
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