Sol Methods, a Canadian agency that focuses on the Solana ecosystem, has filed compliance paperwork with the US Securities and Trade Fee to get listed on Nasdaq.
The Kind 40-F submitting reveals that if the agency acquired approval from the company, it could commerce beneath the STKE ticker image on the Nasdaq trade.
Corporations domiciled in Canada are required to file Kind 40-F with the SEC if they need their securities to be listed on US exchanges.
The Nasdaq trade is the second largest trade on the planet with a market capitalization of $30.12 trillion and greater than 3,300 firm listings, whereas the Canadian Securities Trade, the place Sol Methods is at the moment listed beneath the tick “HODL,” has 762 complete securities as of April 30.
Sol Methods inventory features 4.4%
Following the SEC submitting, Sol Methods’ inventory noticed a spike of 4.39% in Tuesday’s buying and selling session.
The inventory peaked at 2.42 Canadian {dollars} ($1.76) and ended the buying and selling day at 2.38 Canadian {dollars} ($1.73).
Nonetheless, the inventory is down 17% year-to-date, and has fallen 61% from its all-time excessive of 6.1 Canadian {dollars}, which it reached on January 22, according to Google Finance.
Earlier this month, the Canadian agency reported a net loss of $3.5 million in the course of the quarter ending March 31, 2025.
Solana treasury reserve technique
Sol Methods has been aggressively accumulating Solana (SOL) tokens as a part of its Solana treasury reserve technique.
As of June 2, the corporate held greater than 420,000 SOL tokens, value roughly $61.32 million, according to the corporate’s web site.
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On Could 27, Sol Methods revealed that it had filed a prospectus with Canadian regulators, which might see the corporate challenge its personal inventory to lift as a lot as $1 billion within the close to future to spend money on the Solana ecosystem.
In April, the corporate issued convertible notes value $500 million to purchase and stake SOL tokens.
On Monday, analysts from Cantor Fitzgerald stated that firms that spend money on Solana stand to learn from the elevated use of SOL within the monetary business. The analysts touted the Solana community’s excessive velocity and low value, which might be helpful for tokenized belongings.
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