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Sonic will extend the maturity of the $40 million investment bond in SonicStrategy by three years
Crypto界网消息，Sonic Labs has released an update regarding its encrypted treasury (DAT), stating, “Given the current market environment, Sonic Labs and SonicStrategy have extended the bond term by three years to provide more time to meet listing requirements.” Previously, Sonic Labs invested approximately 126 million S tokens through a convertible bond in SonicStrategy, a crypto treasury company listed on the Canadian Securities Exchange (CSE), with an issuance value of about $40 million. The bond’s conversion is contingent upon listing on Nasdaq. Prior to this, SonicStrategy was contractually prohibited from selling, transferring, or disposing of these tokens; if Nasdaq listing is not achieved within the deadline, the tokens will be returned to Sonic Labs and destroyed.