{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-089774","form_type":"8-K","ticker":"HSDT","cik":"0001610853","company_name":"Solana Co","filed_at":"2025-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.481631+00:00","generated_at":"2026-05-17T06:37:42.507898+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Helius raises $500M+ in PIPE to fund SOL treasury; Joseph Chee named Executive Chairman","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-089774","json":"https://secwatch.observer/filing/0001104659-25-089774.json","markdown":"https://secwatch.observer/filing/0001104659-25-089774.md","text":"https://secwatch.observer/filing/0001104659-25-089774.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925089774/0001104659-25-089774-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925089774/tm2526070d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:37:42.507898+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d26a52a9cfe6d2491a9fde9073465f0865fbd3b2","claim":"Solana Co issued pre-funded warrants to purchase shares of Common Stock of warrant to accredited investors for $6.881 less $0.001.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925089774/0001104659-25-089774-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"pre-funded warrants to purchase shares of Common Stock"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"$6.881 less $0.001"}],"fact_type":"equity_issuance"},{"claim_id":"d26a52a9cfe6d2491a9fde9073465f0865fbd3b2","claim":"Solana Co issued pre-funded warrants to purchase shares of Common Stock of warrant to accredited investors for $6.881 less $0.001.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925089774/0001104659-25-089774-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"pre-funded warrants to purchase shares of Common Stock"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"$6.881 less $0.001"}],"fact_type":"equity_issuance"},{"claim_id":"df1341023b29ebb33e7e4a9ebdbf51d641554b2c","claim":"Solana Co issued shares of Class A common stock of common stock to accredited investors for $6.881 per Cash Share.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925089774/0001104659-25-089774-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"shares of Class A common stock"},{"label":"Purchaser","value":"accredited investors"},{"label":"Consideration","value":"$6.881 per Cash Share"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}