Solana Prices $15 Million Registered Direct Offering

03:04 PM EDT, 09/30/2026 (MT Newswires) -- Solana (HSDT) said Wednesday it has struck a deal to sell almost 4.4 million Class A shares at $3.433 per share to an institutional investor to raise about $15 million. The offering is accompanied by warrants to purchase up to nearly 4.4 million shares at an exercise price of $3.776 a share, the company said. The pricing was set at a 5% premium to net asset value a share and the warrants exercise price was at a 10% premium, it said. The use of proceeds includes to support growth in Solana per share, to buy Solana to grow the treasury, for working capital and general corporate purposes, the company said. Shares were down over 5% in afternoon trading. Price: 2.71, Change: -0.16, Percent Change: -5.42