HSDT raises $8M in registered direct offering; puts offer 7% IRR repurchase

Solana Co

Issued 3,076,922 shares at $2.60/share; net proceeds ~$7.9M.
Put options grant repurchase right at 7% IRR on certain events (12/18-month anniversaries, debt ratio, trading halt).
Offering led by Mirae Asset and Hashkey Capital; proceeds for SOL accumulation, working capital, expansion.
Shares offered under effective Form S-3 registration statement.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Solana Co issued 3,076,922 shares of Class A common stock of common stock to global institutional investor Mirae Asset and Hashkey Capital for $2.60 per share.

Security: common stock
Shares: 3,076,922 shares of Class A common stock
Purchaser: global institutional investor Mirae Asset and Hashkey Capital
Consideration: $2.60 per share

Exact text from the filing

Solana Company (NASDAQ: HSDT) (“HSDT” or the “Company”), a publicly listed company that has expanded its business to include a digital asset treasury dedicated to acquiring and holding Solana tokens (“SOL”), today announced that it has entered into a definitive agreement providing for the purchase and sale of an aggregate of 3,076,922 shares of Class A common stock at a purchase price of $2.60 per share.

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Solana Co filing history →

Source: SEC EDGAR

accession 0001104659-26-049070

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