American Marconi Wireless News - Spetz Inc. Acquires 3.35m Sonic Tokens in First Week as Strategic Accumulation Program Commences

During the initial week, the Company acquired approximately 3.35 million S tokens, the native token of the Sonic blockchain, at an average cost of $0.56 CAD ($0.41 USD) per token for an aggregate of $1.87m CAD, bringing our company balance to 3.9m Sonic tokens. These purchases reflect the Company's conviction in Sonic as an emerging Layer 1 blockchain

"These initial acquisitions mark an exciting shift in our operational focus," said Mitchell Demeter, CEO and Director of Spetz. "With the successful divestiture of our legacy business, we are now fully aligned behind SonicStrategy and are committed to supporting the growth of the Sonic ecosystem through both capital allocation and infrastructure participation. We believe the timing and entry price of these initial purchases represent a strong opportunity to build long-term value for our shareholders."

As part of its ongoing corporate governance and employee alignment initiatives, the Company announces that it has issued a total of 3,150,000 stock options under its equity incentive plan, all exercisable at a price of $0.81. The options have been allocated as follows: 1,000,000 to officers, 375,000 to directors, and 1,775,000 to consultants and advisors. The options have a term of 10 years and vest in quarterly tranches over a period of 24 months. These grants are intended to align the interests of key personnel with the long-term success of the Company. All securities issued pursuant to the equity incentive plan are subject to a minimum hold period of four months and one day from the grant date.

About Spetz Inc.
Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) is the parent company of SonicStrategy Inc., a public-market gateway to the Sonic blockchain ecosystem. Spetz provides investors with compliant exposure to staking infrastructure and DeFi strategies across the Sonic network.

Company Contacts:

Investor Relations
Email: [email protected]

Mitchell Demeter
Email: [email protected]
Phone: +1-345-936-9555

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-looking Statements

Certain information herein constitutes "forward-looking information" under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as "may", "plans," "expects," "intends," "anticipates," "believes," and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur.

The forward-looking information contained in this press release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

We seek Safe Harbor.

SOURCE: Spetz Inc

View the original press release on ACCESS Newswire

O.Johnson--AMWN