---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-106730"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:17:57.700430+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Solana Company OKs $100M share buyback; board changes announced

## Summary
- Board authorized $100M stock repurchase program; open-ended, open market & negotiated transactions.
- Jeffrey Mathiesen resigned from board Oct 30, 2025; remains CFO; no disagreement with company.
- Cosmo Jiang elected to board at special meeting Oct 30, 2025.
- Joseph Chee employment agreement: $525K base salary + $61,250 sign-on bonus + discretionary bonus.
- As of Nov 4, 2025, total shares outstanding (including underlying warrants) is 84,130,257.

## SEC filing metadata
- accession: 0001104659-25-106730
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000110465925106730/0001104659-25-106730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000110465925106730/hsdt-20251030x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-106730
- JSON: https://secwatch.observer/filing/0001104659-25-106730.json
- Plain text: https://secwatch.observer/filing/0001104659-25-106730.txt

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