---
schema_version: "secwatch.filing_event.v1"
accession: "0001610853-26-000005"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2026-08-14T20:28:35+00:00"
generated_at: "2026-08-14T20:32:10.486045+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Solana Company Q2 2026: Revenue $2.5M, Net Loss $30.3M, PoNS Divested

## Summary
- Revenue $2.5M (vs $43K prior year), staking revenue $2.5M; H1 2026 revenue $6.1M.
- Net loss $30.3M ($0.38/share) vs $9.8M loss ($79.73/share) prior year; includes $6.8M severance from PoNS divestiture.
- Completed divestiture of legacy PoNS medical device business; built first institutional validator cluster in Tokyo.
- Raised $7.9M net in registered direct offering led by Mirae Asset; repurchased $2.3M shares (1.3M shares) in Q2.
- G&A expenses $11.1M vs $3.3M prior year; operating loss $32.7M.

## SEC filing metadata
- accession: 0001610853-26-000005
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2026-08-14T20:28:35+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000161085326000005/0001610853-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000161085326000005/hsdt-20260814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001610853-26-000005
- JSON: https://secwatch.observer/filing/0001610853-26-000005.json
- Plain text: https://secwatch.observer/filing/0001610853-26-000005.txt

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