---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-004488"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T21:05:15.601570+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Helius Medical gets Nasdaq delisting warning for equity <$2.5M; extension to June 30, 2025

## Summary
- Received Nasdaq notice on March 31, 2025 for stockholders' equity below $2.5M from FY2024 10-K.
- Also failed minimum bid price requirement; hearing held March 18, 2025.
- Company does not meet alternative compliance standards for continued listing.
- Nasdaq granted extension to June 30, 2025 to regain compliance with both rules.
- Stock continues trading on Nasdaq under HSDT with no immediate impact.

## SEC filing metadata
- accession: 0001558370-25-004488
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837025004488/0001558370-25-004488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837025004488/hsdt-20250331x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-004488
- JSON: https://secwatch.observer/filing/0001558370-25-004488.json
- Plain text: https://secwatch.observer/filing/0001558370-25-004488.txt

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