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Pantera-Backed Solana Company Brings Forward PIPE Unlock as Stock Price Plunges 60%
Yahoo Finance·2025-10-21 03:33

Solana Company (HSDT), the digital asset treasury firm formerly known as Helius Medical Technologies and backed by Pantera Capital, has moved ahead with unlocking shares for early investors in its 500millionPIPEroundasthecompanysstocktradesbelowtheinitialpurchaseprice.Theshares,soldinaprivateplacementinSeptemberat500 million PIPE round as the company’s stock trades below the initial purchase price. The shares, sold in a private placement in September at 6.881 each, has become eligible for sale earlier than scheduled, the firm said in a Monday press release. HSDT shares have tumbled to around $6.50 following a steep thr ...