secwatch.observer — SEC 8-K summary
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Issuer:     Solana Co (HSDT)
CIK:        0001610853
Form:       8-K
Filed at:   2026-08-14T20:28:35+00:00
Accession:  0001610853-26-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610853/000161085326000005/0001610853-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610853/000161085326000005/hsdt-20260814.htm
  HTML page:      https://secwatch.observer/filing/0001610853-26-000005

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