Helius Medical raises $1.3M via 20% OID notes and 1.32M shares in private placement

Solana Co

Aggregate principal of $1.56M in 20% original issue discount promissory notes; gross proceeds $1.3M before fees.
Issuance of 1,320,150 common shares; notes mature July 24, 2025 or upon next registered offering.
Interest at 20% per annum upon default; net proceeds for working capital and general corporate purposes.
Directors and officers entered lock-up agreements restricting share transfers until maturity.
Placement agent Maxim Group LLC receives 7% of gross proceeds and up to $15,000 legal fee reimbursement.

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