Latest news with #SonicStrategy
Yahoo
a day ago
- Business
- Yahoo
Spetz says Sonic blockchain's native token $S set to be listed on Coinbase
SonicStrategy shared that the Sonic blockchain's native token, $S, is set to be listed on Coinbase (COIN), one of the world's most trusted and regulated cryptocurrency exchanges, as announced by Coinbase yesterday June 12th. Unlike conventional token listings for assets built on Ethereum or Solana, the inclusion of $S on Coinbase represents a full-stack integration of the Sonic network, a significant technical and strategic milestone. This integration opens the door to a new level of accessibility, legitimacy, and scalability for the Sonic ecosystem and all participants within it. he upcoming listing will enable Coinbase users to directly purchase $S using fiat currencies like USD and EUR, reducing barriers to entry and enhancing global liquidity. It also introduces the Sonic ecosystem to Coinbase's robust infrastructure-used by the majority of U.S.-listed Bitcoin ETFs-along with the potential for future integrations across DeFi, staking, and perpetual trading products. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on COIN: Disclaimer & DisclosureReport an Issue USDC Comes to Shopify, Coinbase Deal Could Boost SHOP Stock Coinbase price target raised to $259 from $216 at BofA Coinbase Launches First-Ever American Express Credit Card with 4% Bitcoin Cashback Coinbase Global: Hold Rating Amid Strategic Growth and Market Uncertainties Stablecoin transaction volumes hit $752B in May, FT reports
Associated Press
3 days ago
- Business
- Associated Press
SonicStrategy Expands Sonic Holdings to 6M Tokens and Launches Institutional Validator
TORONTO, ON / ACCESS Newswire / June 12, 2025 / Spetz Inc. (dba SonicStrategy) (CSE:SPTZ)(OTC:DBKSF) is pleased to report continued progress in its digital asset accumulation and infrastructure rollout strategy. During the past week, the Company acquired an additional ∼2.0 million S tokens (the native token of the Sonic ecosystem), bringing its total Sonic holdings to just over 6 million tokens. These tokens were purchased on the open market, reinforcing the Company's strong conviction in Sonic as one of the most compelling Layer 1 ecosystems in blockchain today. In parallel, the Company has also purchased 3.7 BTC to be held as part of the long term corporate treasury strategy. The approximate total cost of these acquisitions was $1.5 million CAD. 'We continue to see compelling long-term value in Sonic and are building a strategic position to match that conviction,' said Mitchell Demeter, CEO and Director of Spetz. 'Accumulating over 6 million tokens at this early stage gives us a powerful foundation as the network scales. We are fully focused on building SonicStrategy into a leading institutional platform for validator operations, token accumulation, and DeFi participation.' SonicStrategy is also pleased to announce the official launch of its first institutional-grade validator on the Sonic blockchain. The validator is now publicly listed as Validator #45 - 'SonicStrategy | CSE: SPTZ | OTC: DBKSF' and can be viewed here. Validators are essential infrastructure on proof-of-stake blockchains like Sonic. They help process transactions, secure the network, and maintain consensus by verifying new blocks of data. In return, validators earn yield (rewards), making them a foundational piece of blockchain scalability and integrity. 'Launching our validator infrastructure is a significant milestone,' added Demeter. 'Not only does it generate stable yield on our own assets, but it also opens the door to scalable recurring revenue as we onboard other Sonic token holders to our validator.' The Company has staked a portion of its own tokens to the validator and is currently earning a 4.62% yield on this staked capital. In addition, SonicStrategy will be collaborating with other large ecosystem partners to grow the total delegation base to its validator, where the Company will earn 15% of the yield generated by third-party delegations. The Company also plans to begin deploying capital into DeFi strategies within the Sonic ecosystem in the coming days, which is expected to increase the blended yield across its digital asset portfolio to approximately 20%. The Company is working toward closing the second tranche of its $10 million financing, targeting a close date of June 18, 2025. The round is being conducted at a price of $0.50 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant exercisable at $0.75. About Spetz Inc. (dba SonicStrategy) Spetz Inc. (dba SonicStrategy) (CSE:SPTZ)(OTC PINK:DBKSF) is the parent company of SonicStrategy Inc., a public-market gateway to the Sonic blockchain ecosystem. Spetz provides investors with compliant exposure to staking infrastructure and DeFi strategies across the Sonic network. Company Contacts: Investor Relations Email: [email protected] Mitchell Demeter Email: [email protected] NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Note Regarding Forward-looking Statements Certain information herein constitutes 'forward-looking information' under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as 'may', 'plans,' 'expects,' 'intends,' 'anticipates,' 'believes,' and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur. The forward-looking information contained in this press release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. We seek Safe Harbor. SOURCE: Spetz Inc press release
Yahoo
16-05-2025
- Business
- Yahoo
Spetz Announces Strategic Partnership with Sonic Labs Ahead of Closing Their Current Financing Round
TORONTO, ON / / May 14, 2025 / Spetz Inc. (the "Company" or "Spetz") (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to announce a strategic collaboration with Sonic Labs, the core development team behind the Sonic blockchain. As part of this collaboration, Sonic Labs will be making a direct investment into Spetz Inc, the parent company of SonicStrategy. Sonic Labs will also be assisting with cross-marketing efforts and several other strategic collaborative initiatives aimed at expanding awareness, adoption, and institutional participation in the Sonic ecosystem. This partnership further validates the Company's long-term vision and comes alongside strong institutional participation in the current financing round. Notable participants include Canaccord Genuity, Haywood Securities, and a number of well-known high-net-worth and family office investors. The Company expects to close the round imminently, with interest surpassing initial expectations and expects to deploy capital immediately into validator expansion and ecosystem growth initiatives across the Sonic ecosystem. SonicStrategy, a wholly owned subsidiary of Spetz, is building a public-market gateway into the Sonic ecosystem, providing institutional investors with strategic exposure to Sonic through staking infrastructure and compliant DeFi participation. Spetz Inc CEO Mitchell Demeter on stage at the Sonic Summit in Vienna May 8th, 2025 "We're excited to align with the Sonic Labs team and integrate directly into their infrastructure. This relationship significantly enhances our ability to scale validator operations and deepen our footprint across the Sonic ecosystem," said Mitchell Demeter, CEO of Spetz and SonicStrategy. Michael Kong, CEO of Sonic Labs, added: "We're pleased to support Spetz and SonicStrategy as they bring institutional visibility and access to the Sonic ecosystem. Their approach aligns with our vision of scaling Sonic adoption across both Web3 and traditional markets." Further updates will be provided following the close of the financing. About Sonic LabsSonic Labs is the core development team behind the Sonic blockchain, a high-performance, EVM-compatible Layer 1 built for DeFi and real-world applications. With sub-second finality, low fees, and a fast-growing ecosystem of applications and developers, Sonic is quickly establishing itself as one of the most scalable and accessible blockchains in the market. The team includes pioneers in DeFi and blockchain infrastructure, including Andre Cronje, and is supported by a vibrant global community. About Spetz Inc. Spetz Inc. is a multinational technology company operating at the intersection of AI-driven marketplaces and blockchain infrastructure. The Company owns and operates the Spetz application, an AI-powered platform connecting consumers with service providers, as well as SonicStrategy, a blockchain staking and infrastructure company supporting the Sonic ecosystem. Company Contacts Mitchell Demeter, Spetz Inc CEOEmail: mitchell@ +1-345-936-9555 NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Note Regarding Forward-Looking Statements Certain information herein constitutes "forward-looking information" under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as "plans," "expects," "intends," "anticipates," "believes," and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. The forward-looking information contained in this release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law. This press release does not constitute an offer to sell or solicit an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful. None of the securities issued in connection with the acquisition will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an applicable exemption. We seek Safe Harbor. SOURCE: Spetz Inc. View the original press release on ACCESS Newswire
Associated Press
17-03-2025
- Business
- Associated Press
Spetz Inc. (CSE: SPTZ) Announces Acquisition of Sonic Strategy
TORONTO, ON / ACCESS Newswire / March 17, 2025 / SPETZ INC. (the 'Company' or 'Spetz') (CSE:SPTZ)(OTC:DBKSF) is pleased to announce that it has successfully completed its acquisition of Sonic Strategy Inc. ('Sonic Strategy') previously announced on February 3, 2025. Pursuant to the acquisition, the Company has issued 13,999,999 common shares in the capital of the Company to the shareholders of Sonic Strategy in exchange for 100% of the issued and outstanding shares in the capital of Sonic Strategy. The Company has also issued an aggregate of 700,000 common shares to two arm's length entities as an advisory fee. All of the shares are subject to restrictions on trading until July 18, 2025. In addition, an aggregate of 4,116,658 shares issued to certain principals of Sonic Strategy are subject to restrictions on trading until the later of July 18, 2025 and the date that is 10 trading days after the Company has announced that it has filed a business acquisition report in respect of the acquisition. Sonic Strategy is a blockchain staking company focused on the Sonic blockchain. With the completion of the acquisition of Sonic Strategy, Spetz will further strengthen its capabilities in blockchain infrastructure and staking solutions. As part of the acquisition, Mitchell Demeter will join the Board of Directors of Spetz and will remain as CEO of Sonic Strategy, leading its continued growth and expansion within the blockchain industry. Mr. Demeter is a recognized innovator in the cryptocurrency space with a track record of building successful ventures across the sector. His leadership will be instrumental in aligning Sonic Strategy's development with Spetz's broader vision. Following the acquisition, Sonic Strategy will focus on expanding its validator operations, increasing staking adoption, and integrating with the broader Spetz ecosystem with the goal of unlocking new blockchain-based revenue opportunities. The company aims to drive growth in staking solutions, validator-as-a-service (VaaS), and enterprise blockchain adoption. 'This acquisition enhances Spetz's technological capabilities by integrating blockchain-based revenue streams, reinforcing its presence in decentralized finance, and positioning it for continued innovation in the Web3 space,' said Yossi Nevo, CEO of Spetz Inc. 'We are thrilled to officially welcome Sonic Strategy to Spetz and to have Mitchell Demeter join our Board of Directors. His expertise will be key in driving the next phase of blockchain innovation within our company.' 'We're excited about the opportunities this acquisition brings and look forward to scaling Sonic Strategy's staking infrastructure under the Spetz umbrella,' said Mitchell Demeter, CEO of Sonic Strategy and newly appointed Board Member of Spetz Inc. Spetz also announces that Bhavuk Kaul has resigned from the Board of Directors. We thank him for his contributions and service to the company and wish him the best in his future endeavors. About Spetz Inc. Spetz Inc. is a multinational technology company that operates an AI marketplace application and has investments in blockchain and cryptocurrency. The Spetz application is a global online, AI-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the USA, United Kingdom, Australia, and Israel. The Spetz vision is to reinvent how people around the world connect to services in their moment of need by instantly matching them with the top-rated service providers anytime, anywhere. Spetz Website: Investor Information: Company Contacts: Investor Relations Email: [email protected] Nofar Shigani, CFO Phone: 647-956-6033 Phone: +972 526238108 Cautionary Note Regarding Forward-Looking Statements Certain information herein constitutes 'forward-looking information' under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as 'plans,' 'expects,' 'intends,' 'anticipates,' 'believes,' and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. The forward-looking information contained in this release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law. This press release does not constitute an offer to sell or solicit an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful. None of the securities issued in connection with the acquisition will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an applicable exemption. We seek Safe Harbor.
