Exchange Bulletin
Purpose Solana ETF (SOLL, SOLL.B, SOLL.U) To Trade On Toronto Stock Exchange
April 15, 2025
Issuer: Purpose Solana ETF ("Purpose ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar denominated currency hedged ETF units ("CAD ETF Currency Hedged Units") | SOLL | 100,000 | None | C$10.00 |
| Canadian dollar denominated ETF non-currency hedged Units ("CAD ETF Non-Currency Hedged Units") | SOLL.B | 100,000 | None | C$10.00 |
| U.S. dollar denominated ETF non-currency hedged units ("USD ETF Non-Currency Hedged Units") | SOLL.U | 100,000 | None | US$10.00 |
| Listing category: | Non-Corporate |
| Trading currency of the CAD ETF Currency Hedged Units: | CDN$ |
| Trading currency of the CAD ETF Non-Currency Hedged Units | CDN$ |
| Trading currency of the USD ETF Non-Currency Hedged Units: | US$ |
| Transaction: | Initial public offering (the "Offering") of CAD ETF Currency Hedged Units, CAD ETF Non-Currency Hedged Units and USD ETF Non-Currency Hedged Units (collectively, the "ETF Units"). |
| Anticipated closing date: | April 15, 2025 |
| Listing date: | April 15, 2025 (as at 5:01 p.m.) in anticipation of closing of the Offering. |
| Posted for trading date: | April 16, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | BMO Nesbitt Burns Inc. |
| Investor relations: | Vladimir Tasevski Chief Innovation Officer Tel: 416 871 6454 vladt@purposeinvest.com |
| Incorporation: | An alternative mutual fund established as a trust under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of April 11, 2025. |
| Manager and trustee: | Purpose Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Purpose ETF seeks to invest substantially all of its assets in long-term holdings of Solana and to provide unitholders of ETF Units with the opportunity for long-term capital appreciation. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Sponsorship: | Not Applicable |
| Additional Information: | The USD ETF Non-Currency Hedged Units (Symbol: SOLL.U) will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD ETF Non-Currency Hedged Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Dividends: | Purpose ETF does not expect to pay regular distributions. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated April 11, 2025 which is available at www.sedarplus.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,000 CAD ETF Currency Hedged Units, will be issued at a subscription price of C$10.00 per CAD ETF Currency Hedged Unit, 100,000 CAD ETF Non-Currency Hedged Units at a subscription price of C$10.00 per CAD ETF Non-Currency Hedged Unit and 100,000 USD ETF Non-Currency Hedged Units will be issued at a subscription price of US$10.00 per USD ETF Non-Currency Hedged Unit. Purpose ETF is authorized to issue an unlimited number of ETF Units, each of which represents an equal, undivided interest in the net assets of Purpose ETF. The ETF Units of Purpose ETF are being issued and sold on a continuous basis and there is no maximum number of ETF Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |