---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-015836"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:03:52.297769+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Helius initiates strategic alternatives review after unfavorable CMS pricing for PoNS device

## Summary
- Engaged B. Riley Securities to advise on strategic alternatives including merger, sale, or licensing.
- CMS set PoNS Mouthpiece price at $2,963.30 effective Jan 1, 2025; Company disagrees and seeks meeting.
- CMS proposed PoNS Controller pricing maps to TENS code; Company rebuts at Nov 8 HCPCS public meeting.
- CMS pricing delays commercial launch and financing; Company's market value impacted.
- Company requests Controller pricing be set in tandem with Mouthpiece on Jan 1, 2025.

## SEC filing metadata
- accession: 0001558370-24-015836
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837024015836/0001558370-24-015836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837024015836/hsdt-20241118x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-015836
- JSON: https://secwatch.observer/filing/0001558370-24-015836.json
- Plain text: https://secwatch.observer/filing/0001558370-24-015836.txt

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