Sonic Labs extends the maturity of bonds associated with SonicStrategy to advance its path to a Nasdaq listing
PANews reported on December 31 that Sonic Labs has released an update, announcing its investment in SonicStrategy through convertible bonds, representing 126 million S tokens with an initial valuation of $40 million, aimed at supporting validator operations and ecosystem growth. If a Nasdaq listing is not achieved, the tokens will be returned and destroyed. Due to the market cooling, the bond term has been extended by three years. SonicStrategy has raised $9 million and has never sold any S tokens. This model aims to bridge traditional capital markets with on-chain participation, drawing on precedents such as SOL Strategies, to create a compliant and sustainable market access path.
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