tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

SonicStrategy Secures $40M Investment to Boost Blockchain Operations

Story Highlights
SonicStrategy Secures $40M Investment to Boost Blockchain Operations

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

DigiMax Global Inc. ( (TSE:SPTZ) ) has provided an update.

SonicStrategy Inc. has successfully closed a $40 million USD investment in Sonic Tokens from Sonic Labs, structured as a convertible debenture. This investment will bolster the company’s validator operations and support its strategic goal of listing on the Nasdaq Capital Markets. The debenture allows for conversion into common shares if specific financial milestones are achieved, highlighting the company’s growth ambitions and alignment with Sonic Labs to expand the Sonic blockchain ecosystem.

More about DigiMax Global Inc.

SonicStrategy Inc., operating as Spetz Inc., is a publicly traded company that serves as an institutional bridge to the Sonic blockchain. The company focuses on blockchain technology and aims to integrate the Sonic ecosystem with global capital markets.

Average Trading Volume: 213,198

Technical Sentiment Signal: Hold

Current Market Cap: C$32.74M

For detailed information about SPTZ stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1