Overview
- The company says it completed hardware assembly and is testing its first Solana validator in a selected UAE data center, describing it as the region’s first “performant” node.
- Solmate confirmed an earlier $50 million SOL purchase at a 15% discount, with tokens earmarked to support validator operations.
- An amended registration rights agreement targets SEC filing by November 22, 2025 for the $300 million PIPE, which includes backing from Ark Invest, the Solana Foundation, RockawayX, and Pulsar Group.
- SLMT spiked to about $12.55 before easing to roughly $11.70, implying a market value near $754 million and outpacing other crypto-related stocks tracked in the coverage.
- Ark Invest disclosed roughly an 11.5% ownership stake as of September 30, while company materials note Solana Foundation governance rights alongside the rebrand from Brera Holdings.