SOL Strategies Refiles Q3 Financials To Correct Convertible Debenture Classifications And Related Errors; Reclassification Of $23,588,748 Of Convertible Debentures From Long Term To Current Debt; Re-Allocation Of $1,414,943 Of Convertible Debentures From The Liability Component To $1,414,943 Classification As Equity Within Reserves, And $5,625,273 Classification As A Deferred Tax Liability; Impact Of $20,156 On Profit And Loss As A Result Of Accretion Changes

Benzinga

Nov 15, 2025

SOL Strategies Inc. (NASDAQ: STKE) (CSE: HODL) ("SOL Strategies" or the "Company"), a publicly traded Canadian company focused on investing in and providing infrastructure for the Solana blockchain ecosystem, today announced that the Company has refiled on SEDAR+ its interim unaudited condensed financial statements for the three and nine months ended June 30, 2025 and 2024 (the "Q3 Financial Statements").

The Q3 Financial Statements were refiled to correct errors identified through review by the Company's auditor, Davidson and Company LLP.

The following changes were incorporated into the refiled Q3 Financial Statements:

a) Reclassification of $23,588,748 of convertible debentures from long term to current debt.

b) Re-allocation of $1,414,943 of convertible debentures from the liability component to $1,414,943 classification as equity within reserves, and $5,625,273 classification as a deferred tax liability.

c) Impact of $20,156 on profit and loss as a result of accretion changes arising as a result of the above restatements.

d) Retrospective recognition of the Company's August 5, 2025, share consolidation, such that all common shares and per share amounts have been restated to give retroactive effect to the share consolidation.

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