SOL Strategies Submits IPO Application to Nasdaq for Market Access
SOL Strategies, a firm heavily invested in Solana, aims to enter the U.S. stock market by filing for a Nasdaq listing.
SOL Strategies, a Toronto-based digital asset company focused on Solana, has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to pursue a listing on Nasdaq, aiming to engage with the world’s largest economy.
The firm filed a 40-F form, which is mandated for Canadian companies looking to offer securities in the U.S. If approved by the SEC, SOL Strategies will trade under the ticker STKE.
Current Stock Status: Shares of SOL Strategies surged over 4% on Wednesday, closing at Canadian dollar $2.38.
SOL Strategies has been increasing its investment in SOL, acquiring 122,524 tokens for $18.25 million earlier in May. Analysts from Cantor Fitzgerald noted that companies investing in Solana might experience advantages as its utilization grows within the financial sector.
Read more about analyzing Solana investments here.
