Solana Company Announces $15M Direct Offering at Premium to NAV

Key Facts

1Solana Company entered an agreement to sell 4,369,356 Class A shares to a global institutional investor at $3.433 per share.

2The purchased shares were priced at a 5% premium to the company's Net Asset Value (NAV) per share.

3The company holds 2.3 million SOL and $2.3 million in cash, totaling a NAV of $278 million based on a SOL price of $119.

Solana Company entered an agreement to sell 4,369,356 Class A shares to a global institutional investor at a price of $3.433 per share, totaling a $15 million registered direct offering. GlobeNewswire reported that the shares were priced at a 5% premium to the company's Net Asset Value (NAV) per share, accompanied by warrants to purchase additional shares at an exercise price of $3.776.

The company currently holds 2.3 million SOL and $2.3 million in cash, bringing its total NAV to $278 million based on a SOL price of $119. Regarding equity performance, HSDT closed at $2.86 on September 29, 2026, having reached a session high of $2.99 on that date.