Helius announces 1-for-15 reverse stock split effective May 1 to maintain Nasdaq listing

Solana Co

Reverse split approved by board at 1-for-15 ratio, effective 5:00 pm ET on May 1, 2025.
Outstanding shares will reduce from ~7.9M to ~0.5M; authorized shares unchanged at 150M.
Common stock to trade split-adjusted on Nasdaq under symbol HSDT starting May 2, 2025.
Fractional shares rounded down for cash; exercise prices of options/warrants adjusted proportionately.
Split is intended to comply with Nasdaq continued listing requirements.

item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Solana Co: Amended Certificate of Incorporation to effect a 1-for-15 reverse stock split (effective 2025-05-02).

Change: charter amendment
Effective: 2025-05-02

Exact text from the filing

On April 30, 2025, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation (the “ Certificate of Amendment ”) to effect the Reverse Stock Split.

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Solana Co filing history →

Source: SEC EDGAR

accession 0001558370-25-005939

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