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Sonic Labs extends the bond maturity linked to SonicStrategy, advancing the NASDAQ listing pathway
PANews December 31 News, Sonic Labs announced an update that involves investing in SonicStrategy through convertible bonds, representing 126 million S tokens, with an initial valuation of $40 million, aimed at supporting validator operations and ecosystem growth. If the NASDAQ listing is not achieved, the tokens will be returned and burned. Due to market cooling, the bond term has been extended by 3 years. SonicStrategy has raised $9 million and has never sold any S tokens. This model aims to bridge traditional capital markets and on-chain participation, drawing on precedents like SOL Strategies, to create a compliant and sustainable market access pathway.