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Solana Company filings document a Delaware public company’s material-event disclosures, annual proxy matters and capital-structure actions. Recent Form 8-K reports cover unregistered sales of equity securities, terms announced for a registered direct offering, board composition changes, director appointments, an executive separation agreement and related exhibits.
Its definitive proxy materials disclose director and governance matters, executive compensation, equity-award valuation data, pay-versus-performance tables and stockholder meeting items. The filings also identify the company’s registered Class A common stock and Nasdaq listing information for that class.
Solana Company reported a Q1 2026 net loss of $99.8 million, driven mainly by unrealized and realized losses on its Solana (SOL) holdings as prices fell. Revenue rose to $3.6 million, almost all from SOL staking.
The company operates as a digital asset treasury focused on SOL and held 2,071,127 SOL tokens plus lock‑up and fund interests, with digital asset exposure of $193.8 million representing 85.8% of total assets as of March 31, 2026. Cash was $4.4 million, and management believes liquidity is sufficient through at least May 2027, assuming it can sell SOL when needed.
Subsequent to quarter end, Solana Company sold its PoNS medical device business for $5 million upfront plus up to $20 million in potential earnouts, completed a $7.9 million registered direct equity offering with investor put options, continued a $100 million stock repurchase program, and made significant leadership changes alongside $5.4 million in executive separation payments.
Solana Company reported a Q1 2026 net loss of $99.8 million, driven mainly by unrealized and realized losses on its Solana (SOL) holdings as prices fell. Revenue rose to $3.6 million, almost all from SOL staking.
The company operates as a digital asset treasury focused on SOL and held 2,071,127 SOL tokens plus lock‑up and fund interests, with digital asset exposure of $193.8 million representing 85.8% of total assets as of March 31, 2026. Cash was $4.4 million, and management believes liquidity is sufficient through at least May 2027, assuming it can sell SOL when needed.
Subsequent to quarter end, Solana Company sold its PoNS medical device business for $5 million upfront plus up to $20 million in potential earnouts, completed a $7.9 million registered direct equity offering with investor put options, continued a $100 million stock repurchase program, and made significant leadership changes alongside $5.4 million in executive separation payments.
Solana Company reported first quarter 2026 results showing rapidly growing revenue but a large loss driven by digital asset mark-to-market effects. Revenue rose to $3.6 million, up from $49,000 a year earlier, mainly from $3.4 million in staking rewards.
Gross profit was $3.4 million, but total operating expenses surged to $103.1 million, including $89.2 million of unrealized loss on digital assets and digital assets receivable, $7.0 million of realized loss on digital assets, and $1.7 million of unrealized loss on a digital assets fund investment.
This led to a net loss of $99.8 million, or $1.30 per share, compared with a $3.8 million loss in the prior-year quarter. As of March 31, 2026, cash and cash equivalents were $4.4 million and digital assets and related exposure at fair value totaled $193.8 million.
Solana Company reported first quarter 2026 results showing rapidly growing revenue but a large loss driven by digital asset mark-to-market effects. Revenue rose to $3.6 million, up from $49,000 a year earlier, mainly from $3.4 million in staking rewards.
Gross profit was $3.4 million, but total operating expenses surged to $103.1 million, including $89.2 million of unrealized loss on digital assets and digital assets receivable, $7.0 million of realized loss on digital assets, and $1.7 million of unrealized loss on a digital assets fund investment.
This led to a net loss of $99.8 million, or $1.30 per share, compared with a $3.8 million loss in the prior-year quarter. As of March 31, 2026, cash and cash equivalents were $4.4 million and digital assets and related exposure at fair value totaled $193.8 million.
Polar Asset Management Partners Inc. amended a Schedule 13G/A to report beneficial ownership of 2,305,169 shares of Solana Co Class A Common Stock, representing 4.0% of the class. The filing states 2,179,916 of those shares are issuable upon exercise of warrants. The form is signed on 05/15/2026.
Polar Asset Management Partners Inc. amended a Schedule 13G/A to report beneficial ownership of 2,305,169 shares of Solana Co Class A Common Stock, representing 4.0% of the class. The filing states 2,179,916 of those shares are issuable upon exercise of warrants. The form is signed on 05/15/2026.
Fusion Summer Limited, Summer Wisdom Holdings Limited, and Choon Wee Chee filed an amended Schedule 13D updating their ownership in Solana Company’s Class A common stock. Mr. Chee is reported as beneficially owning 13,316,645 shares, representing 20.2% of the Class A common stock.
The filing explains prior financings where Fusion Summer bought 6,830,402 shares at $6.881 per share along with the same number of Cash Stapled Warrants exercisable at $10.134 per share. Summer Wisdom also holds Base Advisory Warrants for 2,218,236 shares and may receive up to 3,697,059 Performance Advisory Warrants, both with a nominal $0.001 exercise price and a 9.99% Beneficial Ownership Blocker.
The amendment also notes that on May 11, 2026, Mr. Chee received 1,109,118 shares through settlement of restricted stock units and that Fusion Summer distributed 1,453,277 shares in kind to one of its members for no additional consideration. These updates refine how a large insider and affiliated entities hold and control Solana Company stock.
Fusion Summer Limited, Summer Wisdom Holdings Limited, and Choon Wee Chee filed an amended Schedule 13D updating their ownership in Solana Company’s Class A common stock. Mr. Chee is reported as beneficially owning 13,316,645 shares, representing 20.2% of the Class A common stock.
The filing explains prior financings where Fusion Summer bought 6,830,402 shares at $6.881 per share along with the same number of Cash Stapled Warrants exercisable at $10.134 per share. Summer Wisdom also holds Base Advisory Warrants for 2,218,236 shares and may receive up to 3,697,059 Performance Advisory Warrants, both with a nominal $0.001 exercise price and a 9.99% Beneficial Ownership Blocker.
The amendment also notes that on May 11, 2026, Mr. Chee received 1,109,118 shares through settlement of restricted stock units and that Fusion Summer distributed 1,453,277 shares in kind to one of its members for no additional consideration. These updates refine how a large insider and affiliated entities hold and control Solana Company stock.
Solana Co Executive Chairman Chee Choon Wee settled a large equity award into shares. On May 11, 2026, 1,109,118 restricted stock units converted into 1,109,118 shares of Class A Common Stock at $0.00 per share, leaving 1,109,118 shares held directly.
The RSUs were granted on September 18, 2025 under the 2022 Equity Incentive Plan, fully vesting on October 30, 2025 after shareholder approval of a share reserve increase. The filing also notes 5,377,125 Class A shares held indirectly by Fusion Summer Limited and 2,218,236 Strategic Advisory Warrants held indirectly by Summer Wisdom Holdings Limited with a $0.001 per-share exercise price, which are attributed to those entities.
Solana Co Executive Chairman Chee Choon Wee settled a large equity award into shares. On May 11, 2026, 1,109,118 restricted stock units converted into 1,109,118 shares of Class A Common Stock at $0.00 per share, leaving 1,109,118 shares held directly.
The RSUs were granted on September 18, 2025 under the 2022 Equity Incentive Plan, fully vesting on October 30, 2025 after shareholder approval of a share reserve increase. The filing also notes 5,377,125 Class A shares held indirectly by Fusion Summer Limited and 2,218,236 Strategic Advisory Warrants held indirectly by Summer Wisdom Holdings Limited with a $0.001 per-share exercise price, which are attributed to those entities.
Solana Co Schedule 13G/A reports that Solana Rocket Holdings Limited and Mr. CHUNG Wai Shing are deemed to beneficially own 5,834,950 shares of Class A Common Stock, representing 9.99% of the outstanding shares calculated as of April 27, 2026.
The filing states the 9.99% position reflects (i) 5,469,669 shares held directly by Solana Rocket, (ii) pre-funded warrants for 215,966 shares, and (iii) cash stapled warrants exercisable for up to 14,823,426 shares, with 365,876 shares treated as issuable under the Beneficial Ownership Blocker. Shares outstanding were 58,038,030 following the issuer's reported issuance and sale of 3,076,922 shares.
Solana Co Schedule 13G/A reports that Solana Rocket Holdings Limited and Mr. CHUNG Wai Shing are deemed to beneficially own 5,834,950 shares of Class A Common Stock, representing 9.99% of the outstanding shares calculated as of April 27, 2026.
The filing states the 9.99% position reflects (i) 5,469,669 shares held directly by Solana Rocket, (ii) pre-funded warrants for 215,966 shares, and (iii) cash stapled warrants exercisable for up to 14,823,426 shares, with 365,876 shares treated as issuable under the Beneficial Ownership Blocker. Shares outstanding were 58,038,030 following the issuer's reported issuance and sale of 3,076,922 shares.
Solana Co director Sergio Mello has filed an initial Form 3 insider ownership report for HSDT. The filing lists him as a director of the company and does not report any insider transactions or derivative positions in this submission.
Solana Co director Sergio Mello has filed an initial Form 3 insider ownership report for HSDT. The filing lists him as a director of the company and does not report any insider transactions or derivative positions in this submission.
Solana Company is selling 3,076,922 shares of Class A common stock in a registered direct offering at $2.60 per share for a total offering price of $7,999,997.20, with delivery expected on or about April 28, 2026.
The company expects net proceeds of approximately $7.9 million to be used for accumulating SOL, working capital, general corporate purposes, business expansion and strategic initiatives. The offering is made under a Form S-3 shelf registration and assumes no exercise of outstanding warrants.
Solana Company is selling 3,076,922 shares of Class A common stock in a registered direct offering at $2.60 per share for a total offering price of $7,999,997.20, with delivery expected on or about April 28, 2026.
The company expects net proceeds of approximately $7.9 million to be used for accumulating SOL, working capital, general corporate purposes, business expansion and strategic initiatives. The offering is made under a Form S-3 shelf registration and assumes no exercise of outstanding warrants.
Solana Company entered into securities purchase agreements for a registered direct offering of 3,076,922 shares of Class A common stock at $2.60 per share, generating expected gross proceeds of about $8 million and net proceeds of about $7.9 million.
The company plans to use the cash to accumulate SOL tokens, fund working capital, support general corporate purposes, business expansion and other strategic initiatives. In connection with the deal, Solana Company granted purchasers put options allowing them, upon specified future events, to require the company to repurchase their shares at the original purchase price plus an internal rate of return of 7.0% per annum.
Solana Company entered into securities purchase agreements for a registered direct offering of 3,076,922 shares of Class A common stock at $2.60 per share, generating expected gross proceeds of about $8 million and net proceeds of about $7.9 million.
The company plans to use the cash to accumulate SOL tokens, fund working capital, support general corporate purposes, business expansion and other strategic initiatives. In connection with the deal, Solana Company granted purchasers put options allowing them, upon specified future events, to require the company to repurchase their shares at the original purchase price plus an internal rate of return of 7.0% per annum.
Solana Company reported upcoming changes to its Board of Directors. Sherrie Perkins and Paul Buckman told the company they will not stand for re-election when their current terms end at the 2026 Annual Meeting of Stockholders on May 21, 2026. The company states their decisions are not due to any disagreement over operations, policies, practices, strategy, management, or the Board.
On April 23, 2026, the Board increased its size from seven to nine members and appointed Michel Lee and Sergio Mello to fill the new seats, effective immediately. Both will receive cash and equity compensation under the existing non-employee director compensation policy and will be covered by the company’s standard indemnification agreement for directors and officers.
Solana Company reported upcoming changes to its Board of Directors. Sherrie Perkins and Paul Buckman told the company they will not stand for re-election when their current terms end at the 2026 Annual Meeting of Stockholders on May 21, 2026. The company states their decisions are not due to any disagreement over operations, policies, practices, strategy, management, or the Board.
On April 23, 2026, the Board increased its size from seven to nine members and appointed Michel Lee and Sergio Mello to fill the new seats, effective immediately. Both will receive cash and equity compensation under the existing non-employee director compensation policy and will be covered by the company’s standard indemnification agreement for directors and officers.