---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-049070"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T03:51:46.013508+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-049070
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000110465926049070/0001104659-26-049070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000110465926049070/tm2612791d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-049070
- JSON: https://secwatch.observer/filing/0001104659-26-049070.json
- Plain text: https://secwatch.observer/filing/0001104659-26-049070.txt

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