SOL Global Makes Binding Commitment to 10 million Canadian Dollar Bond Private Funding

SOL Global, a Canadian investment fund, announced that it has signed a binding Letter of Intent to sell SOL Global's unsecured convertible bonds with a principal amount of 10 million Canadian dollars, which will be funded in the form of an upfront payment of $2 million at closing and four additional upfront payments of $2 million every 60 days after closing. The Letter of Intent is a binding commitment to the Purchaser, which is expected to close on or before January 30, 2025, subject to the conclusion of a definitive subscription agreement and bonds and the satisfaction of certain customary conditions, including but not limited to obtaining all necessary regulatory and other approvals, and subject to the policies of the Canadian Stock Exchange.