---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005939"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:23:05.452334+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005939
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837025005939/0001558370-25-005939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837025005939/hsdt-20250430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005939
- JSON: https://secwatch.observer/filing/0001558370-25-005939.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005939.txt

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