Sonic Labs has extended the maturity of convertible bonds linked to SonicStrategy, involving 126 million S tokens valued at 40 million USD.
This investment aims to support validator operations and the growth of the ecosystem. If the Nasdaq listing does not happen, the S tokens will be returned and burned.
The bond maturity has been extended by three years due to market downturns. SonicStrategy has raised 9 million USD and has not sold any S tokens yet.
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