Mr. Dustin Zinger reports
SONICSTRATEGY CLOSES $2.25 MILLION SYN TOKEN FINANCING
Sonicstrategy Inc. has closed the first tranche of its previously announced non-brokered private placement of up to $4.5-million, originally announced on Sept. 22, 2026, and as amended on Sept. 29, 2026, and Oct. 5, 2026.
The first tranche consisted of the digital asset portion of the offering. The company issued 11.25 million common shares at a price of 20 cents per share for aggregate consideration of $2.25-million, satisfied entirely in kind by the transfer to the company of an aggregate of 7,922,535 SYN tokens. No cash proceeds were received in connection with this tranche.
The SYN tokens were valued at 20 U.S. cents per token (28.4 Canadian cents at the agreed exchange rate of $1.42 (Canadian) per $1 (U.S.)), the price negotiated at arm's length with each subscriber, confirmed in a written acknowledgment with each subscriber and approved by the company's board of directors. For reference, the volume-weighted average price of SYN on Binance (SYN/USDC) from Sept. 28, 2026, to Oct. 7, 2026, was approximately $0.1849 (U.S.).
"We believe tokenization and on-chain financial markets represent a significant growth opportunity," said Dustin Zinger, chief executive officer of Sonicstrategy. "SYN gives us exposure to an ecosystem developing innovative financial infrastructure, including Hypercall, an on-chain options platform. This acquisition strengthens our digital asset treasury and aligns with our strategy of participating in the next generation of financial markets."
No warrants were issued under the digital asset offering. No finders' fees were paid in connection with this closing. All shares issued are subject to a hold period under applicable Canadian securities laws expiring on Feb. 9, 2027.
No related persons (as defined in the policies of the Canadian Securities Exchange) of the company participated in this tranche, and the closing did not create any new holder of 10 per cent or more of the company's issued and outstanding common shares. Following the closing, the company has 60,870,466 common shares issued and outstanding.
The SYN tokens received are held in custody controlled by the company as part of its digital asset treasury, and may be held, staked, deployed in validator and digital asset infrastructure operations, or sold or converted to finance the company's digital asset treasury strategy, working capital and general corporate purposes.
The cash portion of the offering remains open. The cash offering consists of up to 11.25 million units at a price of 20 cents per unit for gross proceeds of up to $2.25-million. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of 25 cents for a period of 24 months from the date of issuance, subject to acceleration if the closing price of the company's common shares on the Canadian Securities Exchange exceeds 75 cents for 10 consecutive trading days. The company may pay finders' fees in connection with the cash offering in accordance with CSE policies. The company will announce the closing of the cash offering when completed.
The closing of the first tranche remains subject to final acceptance of the CSE.
About Sonicstrategy Inc.
Sonicstrategy is a publicly traded digital asset infrastructure company focused on advancing the next generation of on-chain finance. The company operates blockchain infrastructure and validator nodes, helps secure networks through staking, and pursues opportunities in decentralized finance and asset tokenization.
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