12 hours ago

SonicStrategy Secures $40M Sonic Labs Investment, Eyes Nasdaq Listing

TLDR: SonicStrategy receives $40M USD investment from Sonic Labs, structured as convertible debt in $S tokens. Investment sets stage for SonicStrategy’s Nasdaq listing and long-term alignment with Sonic ecosystem. Debt instrument has six-month term, $4.50 USD per share conversion price, and three-year lock-up. Sonic tokens funding will be locked for four years to support strategic [...]

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Source: Blockonomi →