Canadian investment fund SOL Global has announced that it has signed a binding letter of intent to sell SOL Global's unsecured convertible bonds. The principal amount of the bond is 10 million Canadian dollars, and the bond will provide funds in the form of prepayments, namely, a prepayment of 2 million US dollars upon completion of the transaction, and four additional prepayments of 2 million US dollars every 60 days after the completion of the transaction. The letter of intent is a binding commitment to the buyer, and the transaction is expected to be completed by January 30, 2025, or earlier, subject to the signing of a final subscription agreement and bond and the satisfaction of certain customary conditions, including but not limited to obtaining all necessary regulatory and other approvals, and being subject to the policies of the Canadian Securities Exchange.