SOL Strategies to Buy Darklake Labs for $1.2M

SOL Strategies (NASDAQ: STKE) agreed to acquire Darklake Labs for $1.2 million. The consideration is structured as $200,000 in cash plus $1,000,000 in SOL Strategies common shares.

Darklake Labs brings Zyga, a Solana-native zero-knowledge proof system, along with a research team and a pending patent application. The founders and core team are expected to join SOL Strategies, expanding research and engineering capabilities. The consideration shares are subject to a four-month statutory lock-up and will be priced using a five-day VWAP on the CSE.