Skycap SAFE converts into 4,586,166 CLN Global shares at US$0.91 each
Reuters2026/08/10 18:32- Skycap Investment Holdings converted its May 9, 2025 SAFE with CLN Global into 4,586,166 CLN Class A common shares.
- Conversion price set at about US$0.91 per share, implying US$4.17 million purchase amount; no additional cash paid.
- SAFE conversion triggered by CLN’s completion of a qualified financing; the SAFE was fully satisfied and terminated.
- CLN remains private; the shares carry Canadian resale restrictions.
- Skycap shares remain halted pending CSE acceptance of filings tied to its business combination with STRYK Brands.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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