PANews
PANews|Apr 27, 2026 13:04
[Solana Company Issues Approximately 3.08 Million Shares to Institutional Investors] According to The Wall Street Journal, Solana Company (NASDAQ: HSDT) announced that it has signed a registered direct offering agreement with global institutional investors to issue approximately 3,076,922 Class A common shares at a price of $2.60 per share. The proceeds will be used to expand its digital asset treasury holdings of Solana (SOL). The company has also signed a repurchase option agreement with the purchasers, allowing investors to require the company to repurchase all or part of the purchased shares at the purchase price plus an annualized internal rate of return of 7.0% under certain future conditions.
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