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 announced the appointment of Sherrie Perkins to its Board of Directors, effective March 15, 2021. Perkins brings over 20 years of healthcare industry experience, particularly in neuromodulation, which is expected to enhance Helius’ market development efforts. She has previously held significant roles at LivaNova, PLC and Cyberonics, contributing to their commercial and marketing strategies. Helius focuses on neurological wellness and aims to advance therapies such as the Portable Neuromodulation Stimulator (PoNS™), currently under FDA review for classification.
Helius Medical Technologies (Nasdaq:HSDT) reported Q4 and full-year 2020 financial results, showing revenue of $191,000 for Q4, up from $152,000 in Q4 2019, but down to $0.7 million for the full year from $1.5 million in 2019. Operating losses improved to $3 million in Q4 from $5.6 million a year prior, while net losses narrowed to $2.5 million. The company closed private placements totaling $12.8 million, expected to fund operations into Q1 2022. Helius aims for FDA clearance of its PoNS device and increased its Canadian clinic network to 31.
Helius Medical Technologies (HSDT) has closed an underwritten public offering, raising approximately $11.0 million. This includes the exercise of the underwriter’s over-allotment option, with units priced at $14.82 each. Each unit comprises one share of common stock and a warrant for an additional 0.5 shares at an exercise price of $16.302, expiring five years after issuance. A total of 744,936 shares and 372,468 warrants were issued. The offering was conducted under registration statements effective as of January 27, 2021.
Helius Medical Technologies (Nasdaq:HSDT) announced the pricing of an underwritten public offering, raising approximately $9.6 million before expenses. The offering consists of 647,772 units, each priced at $14.82, and includes one share of common stock along with a warrant for 0.5 shares at an exercise price of $16.302. The closing is expected around February 1, 2021. Ladenburg Thalmann & Co. Inc. is the sole bookrunning manager. The company has also granted underwriters a 45-day option for over-allotments.
Helius Medical Technologies (Nasdaq:HSDT) responded positively to the Centers for Medicare & Medicaid Services' (CMS) new Medicare Coverage of Innovative Technology (MCIT) pathway established on January 12, 2021. This initiative enables national Medicare coverage for FDA-designated breakthrough devices from the date of market authorization for up to four years. Should Helius secure FDA clearance for its Portable Neuromodulation Stimulator (PoNS), immediate coverage for beneficiaries could enhance access for approximately 60 million Medicare enrollees.
Helius Medical Technologies (Nasdaq:HSDT) has announced that it has cured its minimum bid price deficiency, allowing its stock to remain listed on The Nasdaq Capital Market. The scheduled hearing for a non-compliance appeal has been canceled following this compliance confirmation from Nasdaq. Helius focuses on developing non-invasive technologies aimed at neurological wellness, with its first product being the Portable Neuromodulation Stimulator (PoNS™), currently under review by the FDA in the U.S. and the Australian Therapeutic Goods Administration.
Helius Medical Technologies, a neurotech company, will participate in the Noble Capital Markets 17th Annual Small & Microcap Investor Conference on January 19-20, 2021. Management's presentation is scheduled for January 19 at 11:15 a.m. ET. A live audio webcast will be accessible following free registration on the Noble conference website. Helius focuses on developing non-invasive technologies for neurological wellness, including the Portable Neuromodulation Stimulator (PoNS™), currently under FDA review.
Helius Medical Technologies has formally responded to the FDA's request for additional information regarding the de novo classification of its Portable Neuromodulation Stimulator (PoNS™) for treating gait deficits due to Multiple Sclerosis (MS). This response aims to resume the FDA's review process, which was on hold following a previous request from the agency. The company anticipates a decision from the FDA in the first half of the year. Helius previously obtained Breakthrough Designation for PoNS™ in May 2020.
Helius Medical Technologies, Inc. (Nasdaq:HSDT) reported unusual trading activity for its Class A Common Stock on the Toronto Stock Exchange and The Nasdaq Capital Market. The company confirmed it is unaware of any undisclosed material changes impacting its business that could explain the recent trading price increase. In conjunction, Helius has made available an investor presentation in anticipation of its participation in upcoming investor conferences this January, previously announced on January 4, 2021.
Helius Medical Technologies (Nasdaq:HSDT) has announced participation in several virtual investor conferences during January 2021. Key events include:
- The Demy-Colton Digital Medicine and Medtech Showcase from January 11-15, with on-demand access starting January 6th.
- The H.C. Wainwright BioConnect Conference from January 11-14, with presentations available on January 11th.
- The Sidoti Winter 2021 Conference on January 13-14, where management will present on January 13th.
- The ICR Conference from January 11-14, with management presenting on January 14th.