ATW Partners provides up to US$500 million convertible note facility to SOL Strategies Inc.
Goodmans LLP acted for ATW Partners in connection with a convertible note facility pursuant to which ATW will provide funding of up to US$500 million to SOL Strategies Inc. (formerly, Cypherpunk Holdings Inc).
This facility marks a first-of-its-kind in digital asset financing: capital is exclusively earmarked for purchasing SOL tokens, to be staked on validators operated directly by SOL Strategies, with yield shared between the parties. The first tranche of US$20 million was completed in May, with additional capacity of up to US$480 million available in subsequent drawdowns, subject to certain conditions.
SOL Strategies is a publicly traded Canadian investment company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem.
ATW Partners is a New York-based investment manager of a family of private equity funds that invests in innovative companies across both public and private markets.Featured Work
-
Banking and Financial Services
Algoma Steel secures C$500 million in government financing facilities
Goodmans LLP acted for Algoma Steel Group Inc. in connection with its C$500 million financing transaction with the Governments of Canada and Ontario… -
Capital Markets
CIBC Capital Markets leads C$700 million Oxford Properties Group Trust debt offering
Goodmans LLP acted for CIBC Capital Markets and the agents in connection with their role as Joint Bookrunner for a C$700 million senior unsecured notes offering for Oxford Properties Group Trust… -
Mining
Coeur Mining, Inc. to acquire New Gold Inc. for US$7 billion
Goodmans LLP is acting for Coeur Mining, Inc. in connection with its definitive agreement to acquire New Gold Inc. for US$7 billion pursuant to a court-approved plan of arrangement… -
Mergers and Acquisitions
Andlauer Healthcare Group acquired by UPS
Goodmans LLP acted for Andlauer Healthcare Group (“AHG”) in connection with its acquisition by UPS via an all-cash transaction that values AHG at an equity value of approximately C$2.2 billion… -
Mergers and Acquisitions
RF Capital Group acquired by iA Financial Corporation in C$597 million all-cash transaction
Goodmans LLP advised RF Capital Group in connection with its acquisition by iA Financial Corporation, a Quebec City-based insurance and wealth management company, in an all-cash transaction valued at… -
Private Equity and Venture Capital
Dragoneer Investment Group co-leads C$750 million equity financing for Wealthsimple Technologies Inc.
Goodmans LLP acted as Canadian counsel for Dragoneer Investment Group in connection with its investment in Wealthsimple’s C$750 million equity financing round. Dragoneer and Singapore sovereign wealth…