Helius raises $500M+ in PIPE to fund SOL treasury; Joseph Chee named Executive Chairman

Solana Co

Offering priced at $6.881/share + stapled warrants at $10.134; gross proceeds ~$500M cash, up to $1.25B total.
Proceeds to acquire SOL as primary treasury reserve; Company will use staking and DeFi to generate yield.
Incoming Executive Chairman Joseph Chee (ex-UBS Asia IB head); Board Observer Cosmo Jiang (Pantera) and advisor Dan Morehead.
Pantera Capital engaged as trading advisor for digital assets under a 10-year agreement with tiered management fees.
Closing expected Sept 18, 2025; resale registration statement to be filed within 30 days.

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