Sol Strategies, a Canadian company that focuses on Solana Ecosystem, has provided compliance documents to the American Securities and Stock Exchange Committee for a narration on the Nasdaq Stock Exchange.
Form 40 -f Reveal That if the company obtains approval from the agency, it will be traded under the Stke Ticker icon in the NASDAC Stock Exchange.
Companies designated in Canada must submit a 40 -f model with SEC if they want their financial papers to be inserted into American exchanges.
Nasdak exchange is the second largest stock exchange in the world with Raslaq Souk 30.12 trillion dollars More than 3,300 companies list, while Canadian securities exchange, where Sol strategies are currently being listed under the “Hodl” brand. He has 762 total securities starting from April 30.
Sol stock gains 4.4 %
After the SEC file, the Sol Strategies shares increased by 4.39 % in the trading session on Tuesday.
Its peak was at $ 2.42 ($ 1.76) and ended the trading day at $ 2.38 ($ 1.73).
However, the stock decreased by 17 % of the year, and it decreased by 61 % of its highest level ever at $ 6.1, which it reached on January 22, According to To Google Finance.
Earlier this month, the Canadian company informed A net loss of $ 3.5 million During the quarter ending on March 31, 2025.
Solana Treasury Strategy
Sol strategies have been accumulated forcefully Solana (TellerCodes as part of the Treasury reserve strategy in Solana.
As of June 2, the company has held more than 420,000 Sol icons, at a value of approximately $ 61.32 million, According to To the company’s website.
Related to: Sol Price Rallly to $ 200 fermentation, but 3 basic incentives must occur first
On May 27, Sol strategies revealed that they were Fly With the Canadian organizers, which can see the company export its own shares to raise up to one billion dollars in the near future to invest in the Solana Environmental System.
In April Issuing convertible notes At a value of $ 500 million to buy and share Sol Tokens.
On Monday, analysts from Cantor Fitzgerald I mentioned The companies that invest in Solana will benefit from the increase in the use of Sol in the financial industry. Analysts describe the high speed of the Solana network and a low cost, which may be useful for distinctive assets.
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