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.

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