Sonic Labs and SonicStrategy bonds extended by three years: giving Nasdaq listing more time

2025-12-31 12:40:10

【Crypto World】Sonic Labs just released a major update: they and SonicStrategy have decided to extend the maturity of the crypto treasury bonds by three years. The reason is straightforward—giving themselves more time to meet listing requirements.

The background is as follows: last year, Sonic Labs made a significant investment in SonicStrategy through convertible bonds. The specific amount was approximately 126 million S tokens, valued at about 40 million USD at the time. SonicStrategy is currently listed on the Canadian Securities Exchange (CSE) under the ticker S.

The core logic of this deal is: whether the tokens can be converted into real money depends on SonicStrategy’s success in listing on NASDAQ. Until the IPO is successful, SonicStrategy is contractually locked—these tokens cannot be sold, transferred, or disposed of at will. If they fail to list on NASDAQ within the deadline, the 126 million tokens will be returned to Sonic Labs and then destroyed.

Now, with a three-year extension, both parties are essentially saying: we need more time to adapt to market changes and to ensure this matter is handled properly.

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SurvivorshipBias

· 01-03 11:26

Postponed for three years? That really shows a lack of confidence... Is Nasdaq that difficult? Sonic is gambling again, just worried it still won't make it in the end. This logic is a bit crazy, betting all chips on going public? That's madness. The token-to-cash process feels like another waiting game... Another delay, and it's not the first time. Many projects have died like this.

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GateUser-beba108d

· 01-03 04:57

It's delayed again, I've seen this trick many times... Three years, giving myself a more comfortable timetable.

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SeasonedInvestor

· 01-02 22:09

Is it延期 again? Is it so difficult to get listed on Nasdaq? --- 40 million invested and still have to wait three more years, this gamble is really big. --- Relying entirely on Nasdaq listing to convert tokens to cash, it's a bit uncertain. --- Basically, it's just a matter of not having enough time. Giving yourself three more years to breathe. --- 1.26 billion S tokens are locked, this contract is really ruthless. --- Is it really so hard to get listed on Nasdaq? It seems everyone is betting on this. --- Does a three-year延期 mean there's still no confidence? A bit worried. --- Jumping from CSE to Nasdaq, this step is really high. --- It's like betting whether SonicStrategy can be played well, right?

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MEVSandwich

· 2025-12-31 13:09

Is it delayed again? This routine is so familiar, I'm just worried that going public on NASDAQ will be forever out of reach. Is three years really enough? It feels a bit uncertain. Putting in 1.26 billion S coins, and still having to gamble on going public—this deal is quite intense. Is it really that difficult to get listed on NASDAQ? Why delay another three years... It feels a bit far-fetched, like a disguised freeze on liquidity? Wait, what does the delay mean? Is it due to slow progress in going public or something else? This move doesn't seem very clever; it looks a bit suspicious. Bonds keep getting postponed, I just want to know if it can finally come to fruition.

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wagmi_eventually

· 2025-12-31 13:06

Three years? Ha, are they betting on the Nasdaq or just procrastinating? Another "we need more time" story, classic. Holding onto 40 million USD in losses, it all depends on whether they can get listed on Nasdaq, which seems uncertain. This move feels like an indirect admission that they can't go public soon. S token holders can either lie low or pray.

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LiquidatorFlash

· 2025-12-31 13:01

1.26 billion tokens are being held back, and the hurdle of listing on Nasdaq has really been blocked. --- Postponed for three years? That means it’s not settled yet, and the risk exposure is increasing. --- 40 million USD is locked up. I just want to know how high the probability of liquidation being triggered within these three years is. --- The convertible bond strategy essentially relies on betting on the issuer’s luck to go public, which is too risky. --- Another delay... Repeated postponements should alert us to the true condition of the underlying assets.

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YieldFarmRefugee

· 2025-12-31 12:59

Another delay, I'm tired of this routine. Going public on NASDAQ is still a distant dream. --- 1.26 billion S coins are sitting here, feels like it's hanging by a thread... --- Give it three years? Seems like a gamble that it will take off. --- Ha, playing the delay game again. When will this mess finally end? --- Converting to cash still depends on NASDAQ's approval. Gambling on it. --- Forty million dollars just stuck like that. Who wouldn't feel distressed? --- CSE is still playing around. Want to rush to NASDAQ? The difficulty is maxed out. --- Is the three-year deadline the final ultimatum or just another round of pie-in-the-sky promises? Does anyone believe it? --- Tokens need to be listed to be realized. This logic is a bit ruthless. --- Delaying and delaying again. In the end, it's just a pancake.

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JustHodlIt

· 2025-12-31 12:40

Three years? How bad does it have to be to need three years? Is it that hard to get into Nasdaq? --- 延期又是为了给自己喘气的时间，这套路已经玩了多少遍了 --- 126 million coins are sitting here, really betting hard, hoping Nasdaq won't stand us up --- The contract is tightly locked, huh? Feels like this "ample time" is said quite tactfully --- If this continues at this pace, whether the token can be converted into real money is still a question --- Betting on how strict Nasdaq's review must be to make them add three more years --- I just want to know if the s coin will drop again during these three years

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