Solana Company (NASDAQ: HSDT) completed a $15 million registered direct offering, approximately ¥2.4 billion, with a global institutional investor, issuing 4,369,356 Class A common shares at $3.433 each and matching warrants exercisable at $3.776 per share. The offering was priced at a 5% premium to the company’s net asset value, and proceeds are intended for stock repurchases and additional SOL purchases. HSDT holds approximately 2.3 million SOL valued at roughly $273.5 million, making it the fourth-largest publicly listed Solana reserve holder.