{"schema_version":"secwatch.filing_event.v1","accession":"0001610853-26-000008","form_type":"8-K","ticker":"HSDT","cik":"0001610853","company_name":"Solana Co","filed_at":"2026-09-30T21:21:51+00:00","discovered_at":"2026-09-30T21:24:00.287738+00:00","generated_at":"2026-10-12T14:11:04.293295+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Solana Company prices $15M registered direct offering at $3.433/share, a 5% premium to NAV","bullets":["Sold 4,369,356 Class A shares at $3.433 each (5% premium to NAV per share) plus warrants for 4,369,356 shares at $3.776, a 10% premium to NAV.","Gross proceeds ~$15M; net ~$14.3M after Clear Street's 4.0% placement agent fee; closing expected on or about October 1, 2026.","Warrants exercisable on issuance and expiring 5.5 years later, with a 4.99% beneficial-ownership blocker adjustable to 9.99% on 61 days' notice.","As of September 24, 2026 the company held 2.3 million SOL plus $2.3M in cash/stablecoins, a total NAV of $278M at a SOL price of $119.","Proceeds earmarked to grow Solana per share, including stock buybacks under its authorized program and opportunistic SOL purchases, plus working capital and expansion."],"urls":{"canonical":"https://secwatch.observer/filing/0001610853-26-000008","json":"https://secwatch.observer/filing/0001610853-26-000008.json","markdown":"https://secwatch.observer/filing/0001610853-26-000008.md","text":"https://secwatch.observer/filing/0001610853-26-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1610853/000161085326000008/0001610853-26-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1610853/000161085326000008/hsdt-20260930.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:11:04.293295+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}