secwatch.observer — SEC 8-K summary
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Issuer:     Solana Co (HSDT)
CIK:        0001610853
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001558370-25-005510
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610853/000155837025005510/0001558370-25-005510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610853/000155837025005510/hsdt-20250424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005510

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