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Solana Company conducted a targeted issuance of approximately 3.08 million shares to institutional investors.

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2 hours ago
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PANews April 27 news, according to The Wall Street Journal report, Solana Company (Nasdaq code: HSDT) announced the signing of a direct registration issuance agreement with global institutional investors, planning to issue approximately 3,076,922 shares of Class A common stock at a price of 2.60 dollars per share, to expand its holdings of Solana (SOL) digital asset treasury. The company also signed a repurchase option agreement with the purchasers, wherein under specific future conditions, investors can request the company to repurchase all or part of the purchased shares at the purchase price plus an annualized 7.0% internal rate of return.

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