---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-094134"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:24:22.629777+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Helius Medical renames to Solana Company; signs LOI with Solana Foundation for SOL treasury strategy

## Summary
- Company name changed to Solana Company effective Sept 29, 2025; ticker HSDT unchanged.
- Non-binding LOI with Solana Foundation commits to 'Solana By Design', joint initiatives, and SOL accumulation.
- HSDT has option to purchase SOL tokens from Solana Foundation at a discount, subject to conditions.
- Company holds cash from recent $500M PIPE financing to fund digital asset treasury strategy.
- Solana described as fastest-growing blockchain with ~3,500 TPS, 3.7M daily active wallets, ~7% staking yield.

## SEC filing metadata
- accession: 0001104659-25-094134
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000110465925094134/0001104659-25-094134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000110465925094134/tm2527115d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-094134
- JSON: https://secwatch.observer/filing/0001104659-25-094134.json
- Plain text: https://secwatch.observer/filing/0001104659-25-094134.txt

## Key facts
- Governance Changes
  Solana Co: Company name changed from Helius Medical Technologies, Inc. to Solana Company via Certificate of Amendment (effective 2025-09-29).
  - Change: charter amendment
  - Effective: 2025-09-29
  source text: On September 25, 2025, the Board of Directors (the “Board”) of Helius Medical Technologies, Inc. (the “Company”) approved an amendment to the Company’s Certificate of Incorporation, as filed with the Secretary of State of the State of Delaware on July 18, 2018 (the “Certificate of Incorporation”), to change the Company’s name to Solana Company (the “Name Change”). On September 26, 2025, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Certificate of Amendment”) to the Certificate of Incorporation, which will effect the Name Change at 8:00 a.m. Eastern Time on September 29, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000110465925094134/0001104659-25-094134-index.htm
- Governance Changes
  Solana Co: Second Amended and Restated Bylaws amended solely to reflect the name change to Solana Company (effective 2025-09-29).
  - Change: bylaw amendment
  - Effective: 2025-09-29
  source text: Additionally, the Board approved an amendment to the Company’s Second Amended and Restated Bylaws solely to reflect the Name Change (the “Third Amended and Restated Bylaws”). The Third Amended and Restated Bylaws will become effective immediately after the Name Change on September 29, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000110465925094134/0001104659-25-094134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.