-

Osprey Solana Trust (OTCQX: OSOL) Announces 15 to 1 Split of Issued and Outstanding Shares

OSOL Offers Investors Easy, Transparent and Secure Exposure to Solana, a Leading Blockchain Token

FAIRFIELD, Conn.--(BUSINESS WIRE)--Osprey Solana Trust (OTCQX: OSOL), a Delaware statutory trust (“Osprey” or the “Trust”), announced it will execute a 15:1 forward split of the issued and outstanding shares. The total fair value of the Trust’s net assets will not be affected as a result of this split.

“Given the 2,053% increase in the price of OSOL over the last year due to Solana’s recent market appreciation as well as increased investor interest, we are splitting the units on a 15 to 1 basis to make the price more accessible for our investors. We continue to believe that Solana has distinguished itself as a leading blockchain and is well poised for future growth,” said Greg King, CFA, Founder and CEO of Osprey Funds.

After the close of the markets on June 4th, 2024, the Trust will effect a split of its issued and outstanding shares as follows:

Every share of the Trust will be exchanged for 15 shares. Accordingly, the total number of the issued and outstanding shares for the Trust will increase by 15 times. In addition, the next day’s opening per share net asset value (“NAV”) and the opening market price per share should be approximately fifteen times lower for the Trust. Shares of the Trust will begin trading on the OTC Markets on a split-adjusted basis June 5th, 2024. The total opening fair value of the Trust’s net assets, and thus a shareholder’s investment value, will not be affected by the split.

Period

# of Shares

Owned

Hypothetical Market

Price

Total Market

Value

Pre-Split

10

$210

$2,100

Post-Split

150

$14

$2,100

About Osprey Funds, LLC

Osprey Funds, LLC (Osprey) offers common sense solutions to digital asset investing. Based in Fairfield, Connecticut, Osprey is dedicated to building better investment products that offer secure, transparent, and cost-effective access to digital assets. Learn more by visiting https://ospreyfunds.io/.

Contacts

Osprey Investor Relations
Email: IR@OSPREYFUNDS.IO

Industry:

Osprey Funds, LLC

OTCQX:OSOL
Release Versions
English

Contacts

Osprey Investor Relations
Email: IR@OSPREYFUNDS.IO

More News From Osprey Funds, LLC

REX Shares Launches T-REX 2X AXTI (AXTU) ETF

MIAMI--(BUSINESS WIRE)--REX Shares ("REX") and Tuttle Capital Management ("TCM") today announce the launch of the T-REX 2X Long AXTI Daily Target ETF (Cboe: AXTU), a leveraged ETF providing 2x daily long exposure to AXT, Inc. (Nasdaq: AXTI). AXTU is designed to deliver 200% of AXTI's daily performance, giving traders a tool to engage with a global materials science company at the foundation of advanced semiconductors and optoelectronics. AXT, Inc. develops and manufactures high-performance comp...

REX Shares Launches T-REX 2X PAAS (PAAU) & 2X SNDK (SNDU) ETFs

MIAMI--(BUSINESS WIRE)--REX Shares (“REX”) and Tuttle Capital Management (“TCM”) today announce the launch of the T-REX 2X Long PAAS Daily Target ETF (Cboe: PAAU) and the T-REX 2X Long SNDK Daily Target ETF (Cboe: SNDU), leveraged ETFs providing 2x daily long exposure to Pan American Silver Corp. (NYSE: PAAS) and Sandisk Corporation (NASDAQ: SNDK), respectively. PAAU is designed to deliver 200% of PAAS’s daily performance, giving traders a tool to engage with one of the world’s largest precious...

REX Shares Launches REX Growth & Income Universe ETF

MIAMI--(BUSINESS WIRE)--REX Shares ("REX"), a leading innovator in alternative ETFs, today announced the launch of the REX Growth & Income Universe ETF (Cboe: GIF), a fund-of-funds ETF designed to deliver weekly income distributions through equal-weighted exposure to all nine REX Growth & Income ETFs. GIF holds REX's full Growth & Income lineup: NVII – REX NVDA Growth & Income ETF (Nvidia) TSII – REX TSLA Growth & Income ETF (Tesla) MSII – REX MSTR Growth & Income ETF (S...
Back to Newsroom