---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005510"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:52:11.972672+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005510
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837025005510/0001558370-25-005510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837025005510/hsdt-20250424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005510
- JSON: https://secwatch.observer/filing/0001558370-25-005510.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005510.txt

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