Sonic Labs invested in SonicStrategy through convertible bonds, equivalent to 126 million S Token , with an initial valuation of $40 million, to support the operation of the validator and the growth of the ecosystem.
The agreement includes a mechanism for repayment and burning S Token if SonicStrategy fails to achieve a Nasdaq listing. Due to the market downturn, the bond term has been extended by 3 years.
- Sonic Labs Capital in SonicStrategy through convertible bonds, providing 126 million S Token .
- Initial valuation of $40 million; if not listed on Nasdaq, the Token will be returned and burned.
- SonicStrategy has raised $9 million and has never Token Sale .
Details of the investment and repayment terms.
Sonic Labs stated that the investment in SonicStrategy was made through convertible bonds, representing 126 million S Token , with an initial valuation of $40 million.
The investment aims to support validator operations and drive ecosystem growth. The convertible bond structure is directly tied to the S Token , aligning with a traditional Capital flow model that combines on-chain participation.
A key condition: if SonicStrategy fails to achieve a Nasdaq listing, the associated Token will be returned and burned. This mechanism emphasizes binding results while limiting the Token ability to continue circulating if the Capital market objective is not met.
Bond extension, Capital raised, and business model direction.
Due to the market downturn, the bond's maturity period has been extended by 3 years.
SonicStrategy stated that it has raised $9 million and has never sold any S Token . This information focuses on long-term operations and development, rather than generating liquidation through Token Sale on the market.
The model is described as bridging traditional Capital markets and on-chain participation, referencing precedents such as SOL Strategies to build a compliant and sustainable approach to market access.
