HSDT closes >$500M private placement to launch SOL treasury; appoints Joseph Chee as Executive Chairman

Solana Co

Raised $508.7M gross proceeds; potential total >$1.25B if all stapled warrants exercised at $10.134.
Net proceeds to acquire SOL as primary treasury reserve asset; plans to scale holdings over 12-24 months.
Appointed Joseph Chee (Founder/Chairman of Summer Capital, former UBS IB head) as Executive Chairman and Director.
Entered Strategic Advisor Agreements with Pantera Capital and Summer Capital; issued advisor warrants at $0.001 exercise price.
Approved increase in authorized common shares to 800M; filed Certificate of Amendment.

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