Welcome to our dedicated page for Solana Company news (Ticker: HSDT), a resource for investors and traders seeking the latest updates and insights on Solana Company stock.
Solana Company (NASDAQ: HSDT) generates news across two distinct but connected areas: its neurotech medical device operations and its Solana-focused digital asset treasury strategy. Company press releases and SEC filings highlight developments in clinical research, regulatory submissions, capital markets transactions, and digital asset management.
On the medical device side, Solana Company describes itself as a neurotech company focused on neurologic deficits using an orally applied technology platform to promote neuroplasticity. News items include announcements of positive clinical data related to the PoNS® device and submissions to the U.S. Food and Drug Administration, such as a 510(k) filing for a stroke-related label expansion.
On the digital asset treasury side, Solana Company reports on its efforts to build and manage a treasury of Solana (SOL) tokens. Recent updates have covered a large private investment in public equity (PIPE) financing, the launch of an at-the-market (ATM) program, the approval of a stock repurchase plan, and partnerships with Pantera Capital and Summer Capital. The company also issues news about its SOL holdings, staking performance, and relationships with staking and custody providers, including Helius, Twinstake, Anchorage Digital Bank, and BitGo.
Investors following HSDT news can expect coverage of quarterly financial results, changes in auditors and board composition, applications affecting its reporting status in Canada, and initiatives such as the planned tokenization of HSDT shares on Superstate’s Opening Bell platform. This news page aggregates these disclosures so readers can review Solana Company’s operational, financial, and treasury-related updates in one place.
Helius Medical Technologies (Nasdaq: HSDT) has launched its Portable Neuromodulation Stimulator (PoNS®) in the U.S. to assist Multiple Sclerosis (MS) patients with gait deficits. Approved by the FDA, PoNS is a non-surgical device designed for individuals aged 22 and over, complementing physical therapy. Approximately 70% of the one million MS patients in the U.S. experience gait-related mobility issues. Helius aims to enhance patient mobility through innovative neuromodulation therapy. The company is also advancing research partnerships to further validate PoNS Therapy effectiveness.
Helius Medical Technologies (HSDT) reported a 35% increase in Q4 2021 revenue, reaching $258,000, compared to $191,000 in Q4 2020. However, total revenue for the full year decreased to $522,000 from $661,000 in 2020. Operating expenses rose to $4.2 million, leading to an operating loss of $4.1 million in Q4. The company closed a public offering with $11.1 million in gross proceeds and is preparing for the U.S. commercial launch of PoNS for multiple sclerosis. Guidance for Q1 2022 projects revenue of $150,000 to $170,000.
Helius Medical Technologies (HSDT) announced the approval of equity awards to two new employees as part of its 2021 Inducement Plan, effective February 16, 2022. This follows Nasdaq Listing Rule 5635(c)(4), requiring public announcements for non-stockholder approved equity awards. The new hires received options to purchase a total of 2,000 shares at $4.68 each, valid for ten years, with a four-year vesting period. Helius specializes in neurotech solutions and is focused on improving neurologic conditions through its innovative PoNS device.
Helius Medical Technologies (HSDT) projects Q4 2021 revenue between $250,000 and $260,000, up over 30% year-over-year. The company ended 2021 with an unaudited cash balance of $11 million and aims for the U.S. commercial launch of its PoNS device for multiple sclerosis in Q1 2022. Key milestones include ongoing pivotal trials for stroke recovery using PoNS and expansion of Therapeutic Experience Program centers. Helius raised $24 million to fund these developments and add experienced leadership.
Helius Medical Technologies (HSDT) announced the approval of equity awards under its 2021 Inducement Plan for two new employees, effective December 16, 2021. The independent directors sanctioned options to purchase 7,500 shares of Class A common stock at an exercise price of $5.12. These options will vest over four years, with quarterly vesting tied to continued employment. Helius focuses on neurological wellness through its Portable Neuromodulation Stimulator (PoNS), aimed at treating gait deficits in multiple sclerosis patients.
Helius Medical Technologies (HSDT) has announced a partnership with Dr. Steve Kautz for a study on cranial-nerve non-invasive neuromodulation (CN-NINM) using its PoNS device, aimed at improving dynamic gait balance in stroke survivors. The study will be conducted at the Medical University of South Carolina (MUSC) and will start enrolling participants in early 2022. Dr. Kautz emphasizes the significance of reducing falls, a major post-stroke complication, while Helius's Chief Medical Officer states this collaboration will enhance their clinical research and registrational program.
Helius Medical Technologies has received a significant boost with the issuance of U.S. Patent No. 11,197,994, enhancing its Portable Neuromodulation Stimulator (PoNS) device. This patent allows for wired communication between the mouthpiece and the controller, paving the way for next-generation PoNS therapy. Currently, Helius holds 34 U.S. and 46 foreign patents, and PoNS is approved for treating gait deficits in MS patients in the U.S., while authorized for use in Canada and Australia for similar conditions. The advancements position Helius strongly in the neurotech market.
Helius Medical Technologies announced that Dr. Antonella Favit-Van Pelt will present at the 4th International Brain Stimulation Conference from December 6-9, 2021, in Charleston, S.C. She will discuss the research leading to FDA authorization of translingual nerve stimulation for gait disturbance in multiple sclerosis. Helius received FDA marketing authorization for its Portable Neuromodulation Stimulator (PoNS) in March 2021 and Breakthrough Designation for stroke treatment in August 2021. This symposium highlights innovative brain stimulation treatments advancing patient care.
Helius Medical Technologies (Nasdaq: HSDT) announced participation in 1x1 meetings at the 12th Annual Craig-Hallum Alpha Select Conference on November 16, 2021. CEO Dane C. Andreeff and CFO Jeffrey S. Mathiesen will represent the company. Interested investors should contact their Craig-Hallum representative for meeting arrangements.
Helius focuses on neurologic wellness using its non-implantable technologies, including the Portable Neuromodulation Stimulator (PoNS), aimed at improving lives affected by neurologic diseases.
Helius Medical Technologies, Inc. (Nasdaq: HSDT) closed its underwritten public offering of 1,385,031 shares of Class A common stock at $8.00 per share, generating approximately $11.1 million in gross proceeds. This includes the full exercise of the underwriter's over-allotment option. The company will utilize the net proceeds for funding operations, working capital, and other corporate purposes. The offering was conducted under a shelf registration statement declared effective by the SEC in 2020.
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