Sol Strategies completes Darklake Labs acquistion

SOL Strategies (STKE) announced the closing of its acquisition of the assets of Darklake Labs. Darklake developed Zyga, a zero-knowledge proof system built natively for the Solana blockchain that enables private transaction execution while eliminating front-running and sandwich attacks at the point of execution. As of closing, the founders and core team of Darklake have joined SOL Strategies. The acquisition was completed for a purchase price of $1.2M, comprised of $200,000 in cash and 1,047,156 common shares of the Company, representing $1,000,000 priced at the five trading day volume-weighted average trading price of the common shares on the Canadian Securities Exchange during the period ending on the trading day prior to closing. The Consideration Shares are subject to a statutory four-month lock-up provision upon issuance.