---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005150"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:19:17.173937+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve reverse stock split and warrant inducement at annual meeting

## Summary
- Elected six directors: Blane Walter (1,001,991 for), Dane Andreeff, Edward Straw, Jeffrey Mathiesen, Paul Buckman, Sherrie Perkins.
- Ratified Baker Tilly as auditor for FY2025 with 2,672,425 votes for.
- Approved issuance of up to 6,213,888 shares upon exercise of Series C/D warrants (808,431 for).
- Approved reverse stock split at ratio 1:2 to 1:30, at board's discretion, to meet Nasdaq listing (2,397,720 for).
- Approved adjournments to solicit additional proxies if needed (985,514 for).

## SEC filing metadata
- accession: 0001558370-25-005150
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837025005150/0001558370-25-005150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837025005150/hsdt-20250421x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005150
- JSON: https://secwatch.observer/filing/0001558370-25-005150.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005150.txt

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