Madelene Gani joins Solana Company (NASDAQ: HSDT) as COO and Deputy CFO
Rhea-AI Filing Summary
Solana Company appointed Agustina “Madelene” Gani Tjandrasuwita as Chief Operating Officer and Deputy Chief Financial Officer, effective April 6, 2026. She brings more than 25 years of global finance experience across crypto, fintech, and public companies, including senior roles at Hedera Hashgraph, Aptos Labs, Gemini, and JUUL Labs.
Under an Offer Letter dated March 13, 2026, she will receive a $350,000 annual base salary, be eligible for an annual target bonus equal to 40% of base salary, and additional equity incentives with a combined target value of $300,000 to $500,000. After three months, subject to board approval, she is also eligible for a one-time stock option grant with a grant date fair value of $75,000, vesting over four years.
Positive
- None.
Negative
- None.
Insights
Solana Company adds a seasoned crypto finance leader in a pivotal dual role.
Solana Company appointed Madelene Gani as Chief Operating Officer and Deputy Chief Financial Officer, combining operational and financial oversight in one executive. Her background spans Hedera Hashgraph, Aptos Labs, Gemini, and JUUL Labs, with experience in treasury, yield optimization, and large-scale transformations.
The compensation package includes a $350,000 base salary, variable cash and equity incentives, and a $75,000 option grant vesting over four years, aligning a portion of pay with long-term equity performance. The company’s commentary frames this as a key hire to support its digital asset treasury strategy and infrastructure buildout, though actual impact will depend on execution over time.
8-K Event Classification
Key Figures
Key Terms
Chief Operating Officer financial
digital asset treasury financial
Equity Incentive Plan financial
forward-looking statements regulatory
Emerging growth company regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| ||
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02Results of Operations and Financial Condition.
Appointment of Chief Operating Officer and Deputy Chief Financial Officer
On March 16, 2026, Solana Company (the “Company”) appointed Agustina “Madelene” Gani Tjandrasuwita to serve as the Company’s Chief Operating Officer and Deputy Chief Financial Officer, effective April 6, 2026 (the “Effective Date”). Ms. Tjandrasuwita, age 50, was most recently the Chief Financial Officer at Hedera Hashgraph, Inc., a decentralized blockchain company, from 2024 to 2026, where she was responsible for its financial transparency, revenue growth, risk management, governance, investor relations and global tax planning. From 2022 to 2024, Ms. Tjandrasuwita served as Head of Finance, Vice President at Aptos Labs Inc., a permissionless layer 1 blockchain company, where she oversaw financial deals, partnerships, token treasury management, and audit and tax matters. Prior to that, from 2021 to 2022, she served as Head of Finance, Vice President at Gemini (Nasdaq: GEMI), a publicly traded cryptocurrency exchange and custodian company, where she oversaw capital fundraise and IPO readiness matters. Before that, from 2018 to 2021, she served as Global Controller, Head of Global Taxes at JUUL Labs, Inc., an American electronic cigarette company, where she led global controllership functions. Ms. Tjandrasuwita received her Bachelor of Business Administration degree from the University of San Diego. She is a certified public accountant with an active license.
In connection with her appointment as Chief Operating Officer and Deputy Chief Financial Officer, the Company entered into an Offer Letter with Ms. Tjandrasuwita, dated March 13, 2026 (the “Offer Letter”). Pursuant to the Offer Letter, Ms. Tjandrasuwita will be paid an annual base salary of $350,000 and will be eligible for (i) an annual bonus in the form of cash (or in any other form as the Company considers in its sole and absolute discretion) equivalent to 40% of her annual base salary (“Target Bonus”) and (ii) options, equity awards or restricted stock units (“Incentives”) subject to the approval of the Board of Directors. The target range of the aggregate value for the Target Bonus and Incentives is from $300,000 to $500,000. Additionally, following the initial three months of her employment, subject to the approval of the Board of Directors, Ms. Tjandrasuwita will be entitled to a one-time sign-on option award to purchase the Company’s Class A common stock under the Company’s 2022 Equity Incentive Plan, as amended, having an aggregate grant date fair value equal to $75,000. The exercise price of such option award shall be equal to the fair market value of the Company’s Class A common stock on the grant date. Such option award shall vest as to 25% of such option award in annual installments beginning on the first anniversary of the Effective Date and ending on the fourth anniversary of the Effective Date, subject to continued service through such vesting period.
The foregoing summary description of the terms of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the Offer Letter, which is filed as Exhibit 10.1 hereto.
There are no arrangements or understandings between Ms. Tjandrasuwita and any other person pursuant to which she was selected as the Company’s Chief Operating Officer and Deputy Chief Financial Officer. There are no family relationships between Ms. Tjandrasuwita and any director or executive officer of the Company. Ms. Tjandrasuwita is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K.
Item 7.01 | Regulation FD Disclosure. |
A press release announcing the appointment of Ms. Tjandrasuwita as Chief Operating Officer and Deputy Chief Financial Officer is furnished as Exhibit 99.1 hereto.
The information contained in this Item 7.01 of this current report, including the press release furnished as Exhibit 99.1 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
2
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | | Description |
10.1 | Offer Letter, dated as of March 13, 2026, by and between Solana Company and Agustina Gani Tjandrasuwita. | |
99.1 | Press Release dated April 9, 2026. | |
104 | Cover Page Interactive Data File (embedded within Inline XBRL document). |
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SOLANA COMPANY. | ||
|
|
|
|
Dated: April 9, 2026 |
| By: | /s/ Jeffrey S. Mathiesen |
|
|
| Jeffrey S. Mathiesen |
|
|
| Chief Financial Officer, Treasurer and Secretary |
4
Exhibit 99.1
FOR IMMEDIATE RELEASE
SOLANA COMPANY – HSDT
Solana Company (NASDAQ: HSDT) Appoints Madelene Gani as Chief Operating Officer and Deputy CFO to Lead Next Phase of Growth
A veteran architect of Gemini’s Asia Pacific expansion, Ms. Gani joins to lead institutional buildout as Solana Company executes on its strategy to drive yield expansion, enhance revenue generation, advance business diversification, and institutionalize the Solana ecosystem.
| • | Gani is a proven transformation leader with track record at Hedera Hashgraph, Aptos, Gemini Space Station, and JUUL Labs. She joins to accelerate Solana Company’s next phase of growth. |
| • | Gani brings deep financial and operational expertise in public companies, global financial infrastructure buildout, and operational scaling that has driven hundreds of millions in value creation across hyper-growth companies. |
| • | Strategic hire signals Solana Company’s commitment to institutional-grade operations as it expands its digital asset treasury and infrastructure globally. |
Newtown, PA, April 9, 2026 – Solana Company (NASDAQ: HSDT or the “Company”) today announced the appointment of Madelene Gani, CPA, as Chief Operating Officer and Deputy Chief Financial Officer, effective April 6, 2026. A battle-tested global finance executive with over 25 years of experience scaling some of the most consequential companies in crypto, fintech, and public markets, Gani represents a landmark hire. She joins at a pivotal moment as the Company started its transition from strategic planning into active execution and business development, positioning itself at the center of Solana’s next super cycle.
“Madelene is not just an operational and financial executive – she is a transformative expert,” said Joseph Chee, Executive Chairman of Solana Company (HSDT). “She has been at the center of some of the most ambitious buildouts in Web3, taking organizations from early stage to global scale at breathtaking speed. Her ability to instill financial discipline, drive and diversify revenue growth, and architect operational infrastructure at institutional scale is exactly what we need as we build for Solana’s next super cycle and position this company as the premier listed vehicle for SOL exposure.”
A Track Record of Transformational Impact
Gani’s career reads as a masterclass in high-stakes financial transformation. Most recently, as CFO and COO of Hedera Hashgraph, she executed business-wide transformation initiatives – spanning treasury and yield optimization, leading an algorithmic trading firm, emerging technology deployment, and operational restructuring – that delivered millions in annualized savings while simultaneously driving revenue diversification and growth, and long-term financial sustainability.
Prior to Hedera, Gani served as Head of Finance at Aptos Labs, where she was recruited as the company’s first senior finance executive, playing a pivotal role in the Initial Coin Offering (ICO) and establishment of the Aptos Foundation while building the financial infrastructure required to scale the business for institutional partnerships and stakeholder reporting, besides capital, treasury and revenue diversification.
At Gemini, Gani led a sweeping business transformation during a period of explosive crypto growth in 2021, building out the global financial operations for a business valued at $7.1 billion. She played a critical leadership role in diversification of their global revenue stream (DeFi, NFT, trading, stablecoin, custody, credit card, derivatives, and staking) in the U.S and expansion to Asia Pacific region and Europe, besides the first external capital raise of $400 million for GEMI.
At JUUL Labs, Gani served in senior global leadership roles during a period of unprecedented hypergrowth. She led the company through IPO readiness, global expansion, encompassing four acquisitions, three capital raises, and multiple debt restructurings.
Gani’s earlier career includes senior financial roles at publicly traded global manufacturing and retail companies, and she began her career at Ernst & Young – giving her a rare combination of Big Four rigor, public company discipline, and startup agility.
“I have spent my career building the financial and operational foundations that allow visionary companies to scale without limits,” said Madelene Gani. “Solana Company is at an extraordinary inflection point, and I am energized by the opportunity to bring the full weight of my experience to bear – driving operational excellence, optimizing our treasury and yield strategy, diversifying our revenue, and building the institutional-grade infrastructure that we believe will define the next era of digital asset treasury companies. The Pacific Backbone is precisely the kind of initiative I've been preparing for: complex, multi-jurisdictional, institutional-grade infrastructure that must be built fast and built right. I've done this before. Now we do it for Solana Company."
About Madelene Gani
Madelene Gani is a globally recognized finance operations leader and Certified Public Accountant (AICPA, Active) with a career spanning public companies, hyper-growth startups, and the most prominent names in Web3. Her expertise encompasses SEC financial reporting, global treasury and tax strategy, IPO readiness, M&A, business intelligence and data analytics, cybersecurity risk mitigation, and enterprise-wide digital transformation. She holds a Bachelor of Business Administration from the University of San Diego.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the U.S. federal securities laws. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms or other comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those expressed or implied by such statements. Forward-looking statements may include, among others, the Company’s expectations for its executive leadership; the implementation of the Company’s digital asset treasury strategy; and the timing and execution of the Company’s planned infrastructure buildout.
These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors-many of which are beyond the Company’s control-that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, capital requirements to achieve the Company’s business objectives; expected benefits and implementation of the Company’s digital asset treasury strategy, expected staking, yield and broader opportunities across the Solana ecosystem; the Company’s expected token treasury growth, the impact on the Company of global macroeconomic conditions including effects from supply chain constraints, including risks related to manufacturing delays, logistics challenges, labor shortages, disruptions in the banking system and financial markets; high levels of inflation and high interest rates on the Company’s ability to operate its business and access capital markets; the success of the Company’s business plan; the Company’s operating costs and use of cash; the Company’s ability to achieve significant revenues; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in other subsequent filings with the Securities and Exchange Commission. These filings are available at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
About Solana Company
Solana Company (NASDAQ: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and on-chain activity, Solana Company offers public market investors optimal exposure to Solana’s secular growth.
https://www.solanacompany.co/
MEDIA CONTACT:
John Collins, Collins Strategy Group
john@CollinsSG.com