Solana Company prices $15 million registered direct share offering at $3.433 per share
HSDT•Solana Company priced a $15 million registered direct offering to a single institutional investor, covering 4,369,356 Class A shares at $3.433 each and warrants for the same number of shares at $3.776. Proceeds are earmarked to grow Solana per share, including potential buybacks and Solana purchases.
1. Offering terms
The offering covers 4,369,356 Class A shares priced at $3.433 each. The investor will also receive warrants for 4,369,356 shares, exercisable at $3.776.
2. Use of proceeds
The company plans to use the proceeds to grow Solana per share, including potential buybacks, Solana purchases, working capital and strategic initiatives. The offering is expected to close on or about Oct. 1, 2026, subject to customary conditions.
