Sonic Labs has announced an extension of the maturity for bonds linked to its SonicStrategy initiative, aiming to bolster its Nasdaq listing process. The company has invested in SonicStrategy through convertible bonds, representing 126 million S tokens, initially valued at $40 million. This strategic move is designed to enhance validator operations and foster ecosystem growth. In light of current market conditions, the bond term has been extended by three years. If the Nasdaq listing is not realized, the tokens will be returned and burned. SonicStrategy has successfully raised $9 million without selling any S tokens, positioning itself as a bridge between traditional capital markets and on-chain participation, inspired by models like SOL Strategies.
Sonic Labs Extends Bond Maturity to Support Nasdaq Listing Efforts
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