---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-008785"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2025-06-23T23:59:59+00:00"
generated_at: "2026-05-18T23:44:11.431444+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Helius regains Nasdaq equity compliance with $6.6M equity after $8.1M offering

## Summary
- Stockholders' equity of $6.561M as of June 17, 2025, above Nasdaq's $2.5M minimum.
- Public offering closed June 6, 2025, net proceeds of approximately $8.1M.
- Cash and cash equivalents $6.414M; total assets $8.246M, total liabilities $1.685M.
- Company awaits Nasdaq formal confirmation of continued listing on The Nasdaq Capital Market.
- Previously disclosed deficiency extended to June 30, 2025; compliance achieved before deadline.

## SEC filing metadata
- accession: 0001558370-25-008785
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2025-06-23T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000155837025008785/0001558370-25-008785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000155837025008785/hsdt-20250623x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-008785
- JSON: https://secwatch.observer/filing/0001558370-25-008785.json
- Plain text: https://secwatch.observer/filing/0001558370-25-008785.txt

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