Solana Company
Pennsylvania, United States · Blockchain, Financial Services, Healthcare
Solana Company is focused on maximizing SOL per share on commercially viable blockchains for consumer applications. It aims to deliver consistent on-chain yield for investors. Recently, the company underwent a name change from Helius Medical Technologies, Inc. and continues its mission in blockchain technology.
Key facts
- Headquarters
- Pennsylvania, United States
- Employees
- 34
- Industries
- Blockchain, Financial Services, Healthcare
- Status
- Public (HSDT)
- Website
- solanacompany.co
- Company page
Recent activity at Solana Company
- : SEC 8-K (7.01): On September 30, 2026, Solana Company announced via a press release the terms of a Registered Direct Offering, indicating a strategic move to raise capital. The release outlines key terms and conditions of the offering, although specific financial amounts have not been disclosed in the filing. This action reflects the company's ongoing initiatives to enhance its liquidity and financial position, and is part of its strategy to fund its operational activities and growth objectives. The information included in this release is pivotal for investors assessing the company’s financial health and prospects.
- : Solana Company Partners with Alatau City to Enhance Blockchain Adoption and Digital Asset Infrastructure.
- : SEC 8-K (1.01): On May 29, 2026, Solana Company entered into an Amended and Restated Sales Agreement with Clear Street LLC and Maxim Group LLC, enhancing its existing ‘at-the-market’ offering of Class A common stock. This amendment increases the maximum gross sales price of Shares from $92,800,000 to $250,000,000, allowing the Company to offer and sell Shares via market-driven methods. As of the date of the agreement, the Company has already generated approximately $24.7 million from previous sales under a prior agreement. This strategic move indicates a significant expansion of their fundraising capabilities, optimizing their stock sales in response to market conditions.
- : SEC 8-K (8.01):
- : SEC 8-K (8.01): On April 27, 2026, Solana Company executed securities purchase agreements in a Registered Direct Offering, issuing 3,076,922 shares of its Class A common stock at an offering price of $2.60 per share. The total net proceeds from this offering are anticipated to be approximately $7.9 million, which the company plans to use for accumulating SOL, working capital, business expansion, and other strategic initiatives. The agreements include typical representations, warranties, and closing conditions, and are based on the company's effective registration statement on Form S-3 that was amended and became effective on April 8, 2026.
- : SEC 8-K (5.02): On April 22 and April 23, 2026, Sherrie Perkins and Paul Buckman notified Solana Company of their decisions to not stand for re-election as directors, with their current terms expiring at the Annual Meeting scheduled for May 21, 2026. Their decisions were not due to disagreements with the Company. Additionally, on April 23, 2026, the Board expanded its size from seven to nine members, resulting in two vacancies, and appointed Michel Lee and Sergio Mello as new directors. Michel Lee has over 25 years of investment banking experience and previously held leadership roles in various global financial institutions, while Sergio Mello recently led stablecoin solutions at Anchorage Digital and has extensive entrepreneurial experience. Both will receive cash and equity compensation according to the Company's compensation policy.
- : SEC 8-K (5.02):
- : Solana Company Appoints Madelene Gani as Chief Operating Officer and Deputy CFO
- : SEC 8-K (5.02): On April 6, 2026, Solana Company appointed Agustina 'Madelene' Gani Tjandrasuwita as the Chief Operating Officer and Deputy Chief Financial Officer. Ms. Tjandrasuwita previously served as the Chief Financial Officer at Hedera Hashgraph, Inc., and has extensive experience in financial roles within leading companies. Under the terms of her Offer Letter, she will receive an annual salary of $350,000, eligible for a 40% target bonus and additional equity incentive awards, with a potential total compensation package ranging from $300,000 to $500,000. This appointment reflects the Company's strategic initiative to enhance its leadership in operational and financial management, effective as of the noted date.
- : SEC 8-K (8.01): On February 20, 2026, Solana Company (formerly known as Helius Medical Technologies, Inc.) reported that it has 52,802,604 shares of common stock and 23,930,181 pre-funded warrants issued and outstanding. This provides critical insight into the company's capital structure as of this date, indicating a potential for raising additional funds or offering stock options. The report highlights the significance of the current shares and warrants issued, which could impact investor confidence and market perception. This filing serves as an important update for shareholders regarding the company's financial standing and stock issuance status.
Solana Company funding history
| Date | Round | Amount |
|---|---|---|
| Jan 2025 | Seed | $3.7M |
| Nov 2020 | Seed | $3.4M |
| Mar 2020 | Venture | Undisclosed |
| Oct 2015 | Seed | $2.0M |
| Jul 2015 | Seed | $270K |
Leadership
- Jeff Mathiesen, Director
- Mitchell Tyler, Director
- Edward Straw, Director
- Dane Andreeff, Director
- Huaizheng Peng, Executive Officer, Director
- Blane Walter, Executive Officer, Director
- John Mayberry, Corporate Controller
- Madelene Gani, Chief Financial Officer
- Antonella Favit-Vanpelt, Chief Medical Officer
- Phillippe Deschamps, Executive Officer
Verified email and direct lines for Solana Company’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Solana Company in the news
- Hong Kong's 2026 group includes the only company helping run a blockchain network: Solana Company. - Stock Titan (Oct 22, 2026)
- Solana Company (HSDT) – Building the Preeminent Solana Treasury - https://panteracapital.com/ (Sep 15, 2025)
- Solana Company Announces $15 Million Registered Direct Offering of Class A Common Stock and Warrants to Institutional Investor - Quiver Quantitative (Sep 30, 2026)
- Solana Company Selected as a Strategic Enterprise by the Hong Kong SAR Government - The Manila Times (Oct 22, 2026)
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About Solana Company: questions and answers
What does Solana Company do?
Solana Company is focused on maximizing SOL per share on commercially viable blockchains for consumer applications. It aims to deliver consistent on-chain yield for investors. Recently, the company underwent a name change from Helius Medical Technologies, Inc. and continues its mission in blockchain technology.
Where is Solana Company headquartered?
Solana Company is headquartered in Pennsylvania, United States.
How many employees does Solana Company have?
Solana Company has about 34 employees.
Has Solana Company raised funding?
Yes. Fundz has recorded 5 funding events for Solana Company. The most recent, Seed of $3.7M, was in Jan 2025.
What is the latest news on Solana Company?
On Sep 30, 2026, SEC 8-K (7.01): On September 30, 2026, Solana Company announced via a press release the terms of a Registered Direct Offering, indicating a strategic move to raise capital. The release outlines key terms and conditions of the offering, although specific financial amounts have not been disclosed in t
Is Solana Company a public company?
Yes. Solana Company is publicly traded under the ticker HSDT.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy