TL;DR
- SonicStrategy secured $40 million in convertible financing from Sonic Labs through an S token promissory note.
- The deal sets a conversion price of $4.50 per share with a three-year lock-up and four years for the contributed tokens.
- The investment is part of a $150 million U.S. expansion plan that includes an ETF and a PIPE vehicle.
SonicStrategy secured $40 million in convertible financing from Sonic Labs, the foundation behind the namesake blockchain.
The operation is structured through a six-month zero-coupon promissory note denominated in S tokens, which may be converted into common stock at $4.50 per share if the company succeeds in moving its listing to Nasdaq or another U.S. exchange and, at the same time, raises at least $40 million in external capital.
The agreement establishes that the shares resulting from the conversion will remain locked for three years, while the S tokens contributed by Sonic Labs will be locked for four. Both measures aim to ensure stability in the financing process and limit short-term selling pressure. The transaction is scheduled to close within five business days under Canadian exchange regulations.
SonicStrategy will allocate the funds to strengthen its treasury, support validator operations, and expand its participation in investment projects within the blockchain industry. These areas are key to consolidating its role in the Sonic network, which seeks to gain traction in a highly competitive market with growing institutional interest.
SonicStrategy’s Expansion Plan
The investment is part of a $150 million U.S. expansion plan that has already received community approval. The program includes the creation of an exchange-traded fund (ETF) and the development of a PIPE vehicle, a mechanism that enables private capital raising in publicly listed companies. Through these initiatives, Sonic Labs aims to build bridges between blockchain and traditional finance.
Sonic Labs CEO Michael Kong emphasized that SonicStrategy plays a central role in that connection by providing infrastructure designed for institutions. He also stressed that the capital injection reflects confidence in the company’s execution capabilities and its contribution to the Sonic ecosystem
