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Project Overview
Solana Company (Nasdaq: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and onchain activity, it offers public market investors optimal exposure to Solana’s secular growth.
Forward Industries' Proposal to Acquire Solana Company Parent HSDT Rejected
Odaily reports, Nasdaq-listed Forward Industries has confirmed that it submitted a non-binding proposal to the board of directors of Helius Medical Technologies (HSDT), the parent company of Solana Company, for an all-stock business combination. The HSDT board voted on June 12 to reject the offer and stated that it would not engage in further discussions regarding the transaction.Forward Industries expressed that it is "disappointed and surprised" by this decision, adding that it believes initiating dialogue is in the best interests of both companies and their shareholders. The proposal is indicative in nature, with specific valuation, exchange ratio, and subsequent plans yet to be disclosed.
Solana Company completes ~$8 million private placement, led by Mirae Asset
Solana Company, a SOL treasury firm, completed a private placement, issuing 3,076,922 Class A common shares at $2.60 per share, raising approximately $8 million (approximately $7.9 million net). Mirae Asset led the round, with HashKey Capital participating. The company plans to use the proceeds to increase its SOL holdings and for general corporate purposes.
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Forward Industries' Proposal to Acquire Solana Company Parent HSDT Rejected
Odaily reports, Nasdaq-listed Forward Industries has confirmed that it submitted a non-binding proposal to the board of directors of Helius Medical Technologies (HSDT), the parent company of Solana Company, for an all-stock business combination. The HSDT board voted on June 12 to reject the offer and stated that it would not engage in further discussions regarding the transaction.Forward Industries expressed that it is "disappointed and surprised" by this decision, adding that it believes initiating dialogue is in the best interests of both companies and their shareholders. The proposal is indicative in nature, with specific valuation, exchange ratio, and subsequent plans yet to be disclosed.
Jito collaborates with Solana listed company (HSDT) to provide institutional-grade infrastructure in the Asia-Pacific region
: According to official sources, the Jito Foundation is partnering with Solana Company (NASDAQ: HSDT) to provide institutional-grade Solana infrastructure in the Asia-Pacific region. The two parties will operate BAM validators using Pacific Backbone in Hong Kong, Singapore, Japan, and South Korea. This low-latency infrastructure network supports staking, validation, and trading services in the Asia-Pacific region. Additionally, they will jointly develop an institutional-grade JitoSOL staking product, delivered through Solana Company's consulting service model, to meet the compliance requirements of large capital allocators. The head of the Jito Foundation for the Asia-Pacific region stated that this collaboration aims to combine Jito's market layer technology with Solana Company's regional experience and institutional network, laying the foundation for scalable and compliant participation within the Solana ecosystem.
Solana Company completes ~$8 million private placement, led by Mirae Asset
Solana Company, a SOL treasury firm, completed a private placement, issuing 3,076,922 Class A common shares at $2.60 per share, raising approximately $8 million (approximately $7.9 million net). Mirae Asset led the round, with HashKey Capital participating. The company plans to use the proceeds to increase its SOL holdings and for general corporate purposes.