PANews reported on January 29 that according to TheStreet, Canadian investment fund SOL Global announced that it has signed a binding letter of intent to sell SOL Global's unsecured convertible bonds, with a principal amount of 10 million Canadian dollars. The bonds will be funded in the form of prepayments, that is, a prepayment of 2 million US dollars upon completion of the transaction, and four additional prepayments of 2 million US dollars every 60 days after the completion of the transaction. The letter of intent is a binding commitment to the buyer, and the transaction is expected to be completed on or before January 30, 2025, subject to the signing of a final subscription agreement and bonds and the satisfaction of certain customary conditions, including but not limited to obtaining all necessary regulatory and other approvals, and being subject to the policies of the Canadian Stock Exchange.