{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-113672","form_type":"8-K","ticker":"HSDT","cik":"0001610853","company_name":"Solana Co","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.916347+00:00","generated_at":"2026-05-16T18:47:13.934401+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Solana (HSDT) Q3 net loss $352.8M; $500M+ SOL treasury partnership closed","bullets":["Q3 net loss $352.8M ($32.89 loss per share) vs $3.7M loss a year ago; operating loss $35.5M vs $4.1M.","Revenue $697k includes $342k first-time staking rewards; unrealized loss on digital assets $30.5M.","Closed $500M+ PIPE with Pantera Capital and Summer Capital for SOL treasury strategy; issued $750M cash-exercise warrants.","Announced $100M stock repurchase program; positive PoNS clinical data; FDA submission for label expansion in stroke.","Cash & digital assets $474.2M ($124M cash, $350.2M digital assets); 75.9M shares and pre-funded warrants outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-113672","json":"https://secwatch.observer/filing/0001104659-25-113672.json","markdown":"https://secwatch.observer/filing/0001104659-25-113672.md","text":"https://secwatch.observer/filing/0001104659-25-113672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925113672/0001104659-25-113672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1610853/000110465925113672/hsdt-20251118x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:47:13.934401+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}