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.

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Solana Co issued pre-funded warrants to purchase shares of Common Stock of warrant to accredited investors for $6.881 less $0.001.

Security: warrant
Shares: pre-funded warrants to purchase shares of Common Stock
Purchaser: accredited investors
Consideration: $6.881 less $0.001

Exact text from the filing

pre-funded warrants (the “ Cash Pre-Funded Warrants ”) to purchase shares of the Common Stock (the “ Cash Pre-Funded Warrant Shares ”) at an offering price of the Per Share Cash Purchase Price less $0.001 per Cash Pre-Funded Warrant

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Solana Co issued pre-funded warrants to purchase shares of Common Stock of warrant to accredited investors for $6.881 less $0.001.

Security: warrant
Shares: pre-funded warrants to purchase shares of Common Stock
Purchaser: accredited investors
Consideration: $6.881 less $0.001

Exact text from the filing

in a private placement offering (the “ Cash Offering ”) an aggregate offering of (i) either shares (the “ Cash Shares ”) of Class A common stock of the Company, par value $0.001 per share (the “ Common Stock ”) at an offering price of $6.881 per Cash Share (the “ Per Share Cash Purchase Price ”); and/or pre-funded warrants (the “ Cash Pre-Funded Warrants

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Solana Co issued shares of Class A common stock of common stock to accredited investors for $6.881 per Cash Share.

Security: common stock
Shares: shares of Class A common stock
Purchaser: accredited investors
Consideration: $6.881 per Cash Share

Exact text from the filing

the Company agreed to sell and issue to the Cash Purchasers in a private placement offering (the “ Cash Offering ”) an aggregate offering of (i) either shares (the “ Cash Shares ”) of Class A common stock of the Company, par value $0.001 per share (the “ Common Stock ”) at an offering price of $6.881 per Cash Share

View on SEC.gov

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Solana Co filing history →

Source: SEC EDGAR

accession 0001104659-25-089774

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