SOL Strategies Inc. completed the acquisition of Darklake Labs assets for USD $1.2 million, combining cash and common shares to integrate zero-knowledge privacy technology into its Solana platform.
Key takeaways
Acquisition closed for USD $1.2 million, comprised of USD $200,000 cash and 1,047,156 common shares valued at USD $1,000,000.
Share consideration priced using the five-day volume-weighted average trading price on the Canadian Securities Exchange prior to closing.
Consideration Shares subject to a statutory four-month lock-up provision upon issuance.
Darklake founders and core team have joined SOL Strategies as of the closing date.
Acquired Zyga technology enables private transaction execution and eliminates front-running and sandwich attacks on Solana.