Sol Strategies Launches $50M Equity Offering to Enhance Financial Flexibility

Sol Strategies has initiated a $50 million equity offering program through a sales agreement with Cantor Fitzgerald & Co. and Roth Capital Partners. The offering will occur via "at-the-market distributions" at prevailing market prices and will continue until the $50 million target is reached. The company operates in the capital markets sector, focusing on blockchain and cryptocurrency investments, but has challenges in its financial health, with negative earnings and low profitability margins.