Fusion Summer Ltd (HSDT) reports 6.83M shares and Cash Stapled Warrants in Form 3

Rhea-AI Filing Summary

Fusion Summer Ltd filed a Form 3 reporting its status as a ten percent owner of Solana Co (HSDT). The filing shows direct holdings of 6,830,402 shares of Class A Common Stock and Cash Stapled Warrants exercisable into 6,830,402 Class A shares at an exercise price of $10.134 per share, expiring on September 18, 2028. The form records these as existing positions, with no reported purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fusion Summer Ltd

Role null

Type	Security	Shares	Price	Value
holding	Cash Stapled Warrants	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Cash Stapled Warrants — 6,830,402 shares (Direct, null); Class A Common Stock — 6,830,402 shares (Direct, null)

Footnotes (1)

Key Figures

Class A shares held: 6,830,402 shares Underlying warrant shares: 6,830,402 shares Warrant exercise price: $10.134 per share +1 more

4 metrics

Class A shares held 6,830,402 shares Direct holdings reported on Form 3

Underlying warrant shares 6,830,402 shares Underlying Class A Common Stock for Cash Stapled Warrants

Warrant exercise price $10.134 per share Exercise price of Cash Stapled Warrants

Warrant expiration date September 18, 2028 Expiration of Cash Stapled Warrants

Key Terms

Cash Stapled Warrants, Class A Common Stock, ten percent owner, Form 3

4 terms

Cash Stapled Warrants financial

"The filing shows direct holdings of Cash Stapled Warrants exercisable into 6,830,402 Class A shares"

Class A Common Stock financial

"The filing shows direct holdings of 6,830,402 shares of Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

ten percent owner regulatory

"Fusion Summer Ltd filed a Form 3 reporting its status as a ten percent owner"

Form 3 regulatory

"Fusion Summer Ltd filed a Form 3 reporting its status"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Fusion Summer Ltd

(Last) (First) (Middle)

C/O SOLANA COMPANY

642 NEWTOWN YARDLEY ROAD, SUITE #100

(Street)

NEWTOWN PENNSYLVANIA 18940

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
09/18/2025

3. Issuer Name and Ticker or Trading Symbol
Solana Co [ HSDT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	6,830,402	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Cash Stapled Warrants	09/18/2025	09/18/2028	Class A Common Stock	6,830,402	$10.134	D

Explanation of Responses:

	/s/ Choon Wee Chee, Director	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Fusion Summer Ltd disclose in its HSDT Form 3?

Fusion Summer Ltd discloses it is a ten percent owner of Solana Co (HSDT), holding 6,830,402 Class A shares and Cash Stapled Warrants tied to 6,830,402 underlying shares at a $10.134 exercise price.

How many Solana Co (HSDT) shares does Fusion Summer Ltd report?

Fusion Summer Ltd reports direct holdings of 6,830,402 shares of Solana Co Class A Common Stock. This establishes its ownership level as it becomes a ten percent beneficial owner, without indicating any new purchase or sale activity.

What are the terms of Fusion Summer Ltd’s Cash Stapled Warrants in HSDT?

The Cash Stapled Warrants are exercisable into 6,830,402 shares of Solana Co Class A Common Stock at an exercise price of $10.134 per share. These warrants have an expiration date of September 18, 2028, defining their potential conversion window.

Does the HSDT Form 3 show Fusion Summer Ltd buying or selling shares?

The Form 3 does not show Fusion Summer Ltd buying or selling shares. It records existing holdings in common stock and Cash Stapled Warrants, serving as an initial ownership report rather than a report of new transactions.

What is the expiration date of Fusion Summer Ltd’s HSDT warrants?

Fusion Summer Ltd’s Cash Stapled Warrants linked to Solana Co Class A Common Stock expire on September 18, 2028. After this date, the warrants can no longer be exercised into the 6,830,402 underlying Class A shares.