- **Leah Wald** stepped down as CEO and Director, with **Michael Hubbard** appointed Interim CEO and **Andrew McDonald** promoted to COO.  **[1846839_0001062993-25-015920_exhibit99-1.htm:0]** 
- The company successfully cross-listed on the **NASDAQ Global Select Market** under the symbol "STKE" on **September 9, 2025**.  **[1846839_0001062993-25-015920_exhibit99-1.htm:0]** 
- SOL Strategies closed a **CAD$30 million** financing round, with proceeds primarily for acquiring additional SOL tokens, and reported **435,033 SOL** in holdings (approximately **CAD $126.1 million**) as of September 30, 2025.  **[1846839_0001062993-25-015920_exhibit99-1.htm:0]** 
- Assets Under Delegation (AUD) decreased **23.7%** to **2,760,979 SOL** in September, while the Solana Mobile Validator grew **450%**.  **[1846839_0001062993-25-015920_exhibit99-1.htm:0]** **[1846839_0001062993-25-015920_exhibit99-1.htm:1]**

SOL Strategies Inc. Announces Leadership Changes, NASDAQ Listing, and September 2025 Business Update

- **SOL Strategies Inc.** completed a best-efforts private placement financing on **October 1, 2025**, issuing **4,380,000 units** at a price of **C$6.85 per unit** for gross proceeds of **C$30,003,000**.  **[1846839_0001062993-25-015870_exhibit99-1.htm:0]** 
- Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at an exercise price of **C$8.90** for a period of 36 months.  **[1846839_0001062993-25-015870_exhibit99-1.htm:0]** 
- If all warrants are exercised, the company would receive additional gross proceeds of approximately **C$38.9 million**.  **[1846839_0001062993-25-015870_exhibit99-1.htm:1]** 
- The net proceeds from the offering will primarily be used for the direct purchase of **SOL tokens** to expand its Solana treasury, with an expected addition of over **80,000 SOL tokens**.  **[1846839_0001062993-25-015870_exhibit99-1.htm:0]** **[1846839_0001062993-25-015870_exhibit99-1.htm:1]**  These tokens will be delegated to the company's validators to generate additional staking rewards.  **[1846839_0001062993-25-015870_exhibit99-1.htm:1]**

SOL Strategies Inc. announces closing of C$30 million private placement

- **SOL Strategies Inc.** closed its previously announced private placement, the LIFE Offering, raising **C$30,003,000** in gross proceeds.  **[1846839_0001062993-25-015858_exhibit99-1.htm:0]** 
- The offering involved the sale of **4,380,000 units** at a price of **C$6.85 per unit**, with each unit consisting of one common share and one common share purchase warrant.  **[1846839_0001062993-25-015858_exhibit99-1.htm:0]** 
- Each warrant entitles the holder to purchase one common share at an exercise price of **C$8.90** for a period of **36 months**.  **[1846839_0001062993-25-015858_exhibit99-1.htm:0]** 
- The net proceeds will be primarily used for the direct purchase of **SOL tokens** to expand the company's Solana treasury, with remaining funds for general corporate purposes and working capital.  **[1846839_0001062993-25-015858_exhibit99-1.htm:0]** 
- The company anticipates adding over **80,000 SOL tokens** to its treasury, which will be delegated to its validators to generate additional staking rewards.  **[1846839_0001062993-25-015858_exhibit99-1.htm:0]**  If all warrants are exercised, an additional **C$38.9 million** in gross proceeds could be received.  **[1846839_0001062993-25-015858_exhibit99-1.htm:0]**

SOL Strategies Inc. Announces Closing of Upsized C$30 Million LIFE Offering

- SOL Strategies Inc. (STKE) has increased its private placement financing (LIFE Offering) to **C$30,003,000**.  **[1846839_0001062993-25-015779_exhibit99-1.htm:0]** **[1846839_0001062993-25-015779_exhibit99-1.htm:3]** 
- The upsized offering involves the sale of **4,380,000 units** at a price of **C$6.85 per unit**, with each unit comprising one common share and one common share purchase warrant.  **[1846839_0001062993-25-015779_exhibit99-1.htm:0]** **[1846839_0001062993-25-015779_exhibit99-1.htm:3]** 
- Warrants included in the units will be exercisable at **C$8.90** for a period of 36 months.  **[1846839_0001062993-25-015779_exhibit99-1.htm:0]** **[1846839_0001062993-25-015779_exhibit99-1.htm:3]** 
- The net proceeds from the offering are designated for general corporate purposes and investments aimed at **Solana treasury growth**.  **[1846839_0001062993-25-015779_exhibit99-1.htm:1]** **[1846839_0001062993-25-015779_exhibit99-1.htm:3]** 
- The closing of the offering is expected on or about **October 1, 2025**.  **[1846839_0001062993-25-015779_exhibit99-1.htm:0]** **[1846839_0001062993-25-015779_exhibit99-1.htm:3]**

SOL Strategies Inc. Increases Private Placement Offering to C$30 Million

- **Leah Wald** is stepping down as Chief Executive Officer (CEO) of SOL Strategies Inc. effective **October 1st, 2025**, and has already resigned from the Board of Directors.  **[1846839_0001062993-25-015732_exhibit99-1.htm:0]** 
- **Michael Hubbard**, the current Chief Strategy Officer and Director, has been appointed as **Interim CEO** of SOL Strategies Inc..  **[1846839_0001062993-25-015732_exhibit99-1.htm:0]** 
- An executive search for a permanent CEO is currently underway, led by an external firm.  **[1846839_0001062993-25-015732_exhibit99-1.htm:0]** 
- Mr. Hubbard brings significant experience in the Solana blockchain ecosystem, having founded a Solana validator, Laine, which was acquired by the Company earlier this year.  **[1846839_0001062993-25-015732_exhibit99-1.htm:0]** 
- This leadership transition follows a pivotal year for SOL Strategies, during which the Company cross-listed to NASDAQ and evolved into a sophisticated infrastructure provider.  **[1846839_0001062993-25-015732_exhibit99-1.htm:0]**

SOL Strategies Appoints Michael Hubbard as Interim CEO

- SOL Strategies Inc. reported significant financial growth, with its Solana treasury expanding to **$144 million** and achieving **$800,000 adjusted EBITDA in Q3 2025**.  **[1846839_0001062993-25-015659_exhibit99-1.htm:0]** 
- The company successfully cross-listed on the **Nasdaq Global Select Market** under the ticker **"STKE" on September 9, 2025**, marking a key operational milestone.  **[1846839_0001062993-25-015659_exhibit99-1.htm:0]** 
- Operationally, SOL Strategies Inc. now manages **3.73 million SOL tokens** across five validators, representing over **CAD $1.24 billion** in delegated SOL, and completed **three strategic acquisitions**.  **[1846839_0001062993-25-015659_exhibit99-1.htm:0]** **[1846839_0001062993-25-015659_exhibit99-1.htm:1]** 
- Strategic financing includes a **USD $500 million convertible note facility** and additional financings of **$25 million** and **$30 million**.  **[1846839_0001062993-25-015659_exhibit99-1.htm:0]**

SOL Strategies (STKE)