Exchange Bulletin
Evolve Solana ETF (SOLA, SOLA.U) To Trade On Toronto Stock Exchange
April 15, 2025
Issuer: Evolve Solana ETF ("Evolve ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Canadian dollar denominated unhedged units ("CAD Unhedged Units") | SOLA | 100,000 | None | C$10.00 |
| U.S. dollar denominated unhedged units ("USD Unhedged Units") | SOLA.U | 100,000 | None | US$10.00 |
| Listing category: | Non-Corporate |
| Trading currency of the CAD Unhedged Units: | CDN$ |
| Trading currency of the USD Unhedged Units: | US$ |
| Transaction: | Initial public offering (the "Offering") of CAD Unhedged Units and USD Unhedged Units (collectively, the "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: | Elliot Johnson Tel: (416) 558-6661 Email: ejohnson@evolveetfs.com - and - Keith Crone Tel: (416) 697-5152 Email: kcrone@evolveetfs.com |
| Incorporation: | Exchange traded mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of April 9, 2025. |
| Manager and trustee: | Evolve Funds Group Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | Evolve ETF seeks to provide unitholders with exposure to the daily price movements of the U.S. dollar price of Solana while experiencing minimal tracking error by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Dividends: | It is not anticipated that Evolve ETF will make regular cash distributions. |
| Sponsorship: | Not applicable. |
| Additional Information: | The USD Unhedged Units (Symbol: SOLA.U) will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Unhedged Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Offering document: | Prospectus dated April 9, 2025 (the "Prospectus"), which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 100,000 CAD Unhedged Units will be issued at a subscription price of C$10.00 per CAD Unhedged Unit and 100,000 USD Unhedged Units will be issued at a subscription price of US$10.00 per USD Unhedged Unit. Evolve ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of Evolve ETF and there is no minimum number of Units that may be offered. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |