Digital Asset Infrastructure Firm SonicStrategy Completes C$2.25M SYN Private Placement

On October 8, SonicStrategy (CSE: SONI, OTCQB: SONIF), a digital asset infrastructure company listed in Toronto, Canada, announced the closing of the first tranche of its previously announced non-brokered private placement, issuing 11,250,000 common shares at C$0.20 per share for total gross proceeds of C$2.25 million, fully satisfied by the physical transfer of 7,922,535 SYN tokens, with no cash received. SYN was priced at $0.20 per token, based on an agreed exchange rate of US$1 to C$1.42, equivalent to C$0.284 per token, with the price confirmed in writing by all parties and approved by the board of directors. The company noted that the volume-weighted average price of SYN/USDC on Binance from September 28 to October 7 was approximately $0.1849. No warrants were issued and no finder’s fees were paid in this tranche, and the shares are subject to a hold period under Canadian securities laws until February 9, 2027. Following closing, the company has 60,870,466 common shares issued and outstanding, with no new shareholder holding 10% or more, and the first tranche closing remains subject to final acceptance by the Canadian Securities Exchange. CEO Dustin Zinger stated that this acquisition strengthens the company’s digital asset treasury and provides exposure to an ecosystem including on-chain options platform Hypercall. The received SYN tokens are held in custody controlled by the company and may be used for staking, operating validator nodes, and digital asset infrastructure operations, or sold or converted to fund working capital.