---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-068370"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2026-05-29T21:16:57+00:00"
generated_at: "2026-05-29T21:18:19.063874+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Solana increases ATM offering capacity from $92.8M to $250.0M via amended sales agreement

## Summary
- Amended Sales Agreement with Clear Street and Maxim raises max aggregate gross proceeds from $92.8M to $250.0M.
- As of May 29, 2026, $24.66M in shares already sold under prior agreement for $92.8M facility.
- Agents receive up to 3.00% commission on gross proceeds; sales may be made through at-the-market offerings.
- Prospectus supplement filed reflecting the increased offering limit; Cooley LLP legal opinion included as Exhibit 5.1.

## SEC filing metadata
- accession: 0001104659-26-068370
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2026-05-29T21:16:57+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000110465926068370/0001104659-26-068370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000110465926068370/tm2615718d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-068370
- JSON: https://secwatch.observer/filing/0001104659-26-068370.json
- Plain text: https://secwatch.observer/filing/0001104659-26-068370.txt

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