--- schema_version: "secwatch.filing_event.v1" accession: "0001558370-23-010600" form_type: "8-K" ticker: "HSDT" cik: "0001610853" company_name: "Solana Co" filed_at: "2023-05-30T23:59:59+00:00" generated_at: "2026-06-14T11:43:08.274018+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Helius shareholders approve reverse stock split to meet Nasdaq listing requirements ## Summary - Reverse split ratio of 1-for-10 to 1-for-80 approved; board to set exact ratio. - Directors Blane Walter, Dane Andreeff, Edward Straw, Jeffrey Mathiesen, Paul Buckman, Sherrie Perkins elected. - Ratification of Baker Tilly as independent auditor for 2023 approved with 11M votes for. - Adjournment proposal approved to solicit additional proxies if needed. ## SEC filing metadata - accession: 0001558370-23-010600 - form_type: 8-K - ticker: HSDT - cik: 0001610853 - company_name: Solana Co - filed_at: 2023-05-30T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837023010600/0001558370-23-010600-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837023010600/hsdt-20230524x8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001558370-23-010600 - JSON: https://secwatch.observer/filing/0001558370-23-010600.json - Plain text: https://secwatch.observer/filing/0001558370-23-010600.txt ## Key facts - Shareholder Votes Solana Co shareholders approved Election of six directors named in the accompanying proxy statement, each to serve for a one-year term until the 2024 annual meeting of stockholders or until his or her successor is duly elected and qualified or until his or her earlier death, resignation or removal. at the 2023-05-24 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-24 source text: Nominee Votes For Votes Withheld Broker Non-Votes Blane Walter 4,766,800 ​ 1,094,105 ​ 6,284,637 Dane C. Andreeff ​ 4,739,896 ​ 1,121,009 ​ 6,284,637 Edward M. Straw ​ 4,717,566 ​ 1,143,339 ​ 6,284,637 Jeffrey Mathiesen ​ 4,784,422 ​ 1,076,483 ​ 6,284,637 Paul Buckman ​ 4,784,444 ​ 1,076,461 ​ 6,284,637 Sherrie Perkins ​ 4,795,767 ​ 1,065,138 ​ 6,284,637 evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000155837023010600/0001558370-23-010600-index.htm - Shareholder Votes Solana Co shareholders approved Ratification of the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-24 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-24 source text: Proposal 2 —Ratification of the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023: ​ Votes For Votes Against Abstain 10,999,837 ​ 1,122,654 ​ 23,051 evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000155837023010600/0001558370-23-010600-index.htm - Shareholder Votes Solana Co shareholders approved Approval of an amendment to the Company's Certificate of Incorporation to effect a reverse split of its outstanding Class A common stock at a ratio in the range of 1-for-10 to 1-for-80 to be determined at the discretion of the Company's Board of Directors, whereby each outstanding 10 to 80 shares wo at the 2023-05-24 meeting. - Proposal: reverse split - Outcome: passed - Meeting: 2023-05-24 source text: Proposal 3 —Approval of an amendment to the Company’s Certificate of Incorporation to effect a reverse split of its outstanding Class A common stock at a ratio in the range of 1-for-10 to 1-for-80 to be determined at the discretion of the Company’s Board of Directors, whereby each outstanding 10 to 80 shares would be combined, converted and changed into 1 share of the Company’s Class A common stock, to enable the Company to comply with the Nasdaq Stock Market’s continued listing requirements: ​ Votes For Votes Against Abstain 9,092,567,484 ​ 3,050,157,110 ​ 14,962,948 evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000155837023010600/0001558370-23-010600-index.htm - Shareholder Votes Solana Co shareholders approved Approval to authorize one or more adjournments of the Annual Meeting to solicit additional proxies in the event there are insufficient votes to approve Proposal 3 at the 2023-05-24 meeting. - Outcome: passed - Meeting: 2023-05-24 source text: Proposal 4 — Approval to authorize one or more adjournments of the Annual Meeting to solicit additional proxies in the event there are insufficient votes to approve Proposal 3 described above: ​ Votes For Votes Against Abstain 9,595,316,731 ​ 2,478,745,269 ​ 83,625,542 evidence_url: https://www.sec.gov/Archives/edgar/data/1610853/000155837023010600/0001558370-23-010600-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.