VanEck Solana ETF
Filed Jun 27, 2024.
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A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Jun 27, 2024
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Contents
USE OF PROCEEDS
Proceeds received by the Trust from the issuance of Baskets consist of SOL or cash. Deposits of SOL are held by the SOL Custodian on behalf of the Trust. Deposits of cash are delivered to the Cash Custodian, following which the Sponsor shall instruct the Cash Custodian to transfer the cash to the SOL Custodian to enable the SOL Custodian to facilitate the purchase of SOL from Liquidity Providers, followed by the transfer of such SOL to the SOL Custodian, in each case, at the Sponsor’s instruction.
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