MarketPR
Solana Company (NASDAQ: HSDT) has priced a registered direct offering of $15 million with a single global institutional investor, with the deal expected to close on or about October 1, 2026.
The transaction involves the sale of 4,369,356 shares of Class A common stock at a purchase price of $3.433 per share, which represents a 5% premium to the company's Net Asset Value (NAV) per share.
The offering includes accompanying warrants to purchase an additional 4,369,356 shares of Class A common stock at an exercise price of $3.776 per share, set at a 10% premium to NAV.
Clear Street served as the exclusive placement agent for the offering, which is subject to customary closing conditions.
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