Recent Updates — HSDT

On September 30, 2026, Solana Company announced the pricing of a registered direct offering to raise approximately $15 million in gross proceeds. The company sold 4,369,356 shares of Class A common stock at $3.433 per share and issued warrants for an equal number of shares exercisable at $3.776 per share. Net proceeds are expected to be approximately $14.3 million after fees. Clear Street served as the exclusive placement agent with a 4.0% fee. The company intends to use the funds to acquire Solana (SOL), support stock buybacks, and for general corporate purposes. As of September 24, 2026, the company held 2.3 million SOL and $2.3 million in cash, with a total net asset value of $278 million based on a SOL price of $119. Solana Company operates as a publicly listed digital asset treasury and infrastructure company focused on the Solana blockchain ecosystem.