---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000407"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-01-24T23:59:59+00:00"
generated_at: "2026-05-27T11:06:50.983989+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Helius Medical raises $3.7M through warrant exercise inducement, issues new warrants for up to 6.2M shares

## Summary
- Aggregate gross proceeds of ~$3.7M from cash exercise of 4,971,110 existing warrants at reduced price of $0.751/share.
- In exchange, issued new Series C & D warrants to purchase up to 6,213,888 shares, exercisable upon stockholder approval.
- Series C (3,728,333 shares) exercisable for 5 years after approval; Series D (2,485,555 shares) for 2 years after approval.
- Company agreed to file resale registration statement for underlying shares and to hold stockholder meeting within 90 days.
- Roth Capital Partners acted as financial advisor; fee of $0.2M plus expense reimbursement.

## SEC filing metadata
- accession: 0001558370-25-000407
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-01-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837025000407/0001558370-25-000407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837025000407/hsdt-20250121x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000407
- JSON: https://secwatch.observer/filing/0001558370-25-000407.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000407.txt

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