HSDT 424B5: Secondary offering

Filed with the SEC on · accession 0001610853-26-000010

HSDT filed a 424B5 (prospectus (offering)) with the SEC on Sep 30, 2026. The final terms of an offering of shares or bonds. The stock moved -8.4% by the first close after the filing.

Summary of the filing

Solana Co (HSDT) is offering 4,369,356 shares of Class A common stock at $3.433 per share along with warrants to purchase an equal number of shares at $3.776 per share in a registered direct offering, with Clear Street LLC as placement agent.

Key details

Total offering proceeds$15.0M
Placement agent fees$600K
Net proceeds to company before expenses$14.4M
Placement agentClear Street LLC

How HSDT stock reacted

Close before

$2.86

Sep 29, 2026

First close after

-8.39%

$2.62

5 trading days

-6.99%

$2.66

Since filing

-32.52%

$1.93

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Frequently asked questions

What did HSDT file with the SEC on Sep 30, 2026?

HSDT filed a 424B5 (Secondary offering). Solana Co (HSDT) is offering 4,369,356 shares of Class A common stock at $3.433 per share along with warrants to purchase an equal number of shares at $3.776 per share in a registered direct offering, with Clear Street LLC as placement agent.

What does a secondary offering mean for HSDT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did HSDT stock react to this filing?

HSDT closed at $2.86 before the filing and $2.62 on Sep 30, 2026 (-8.39%). Five trading days later: $2.66 (-6.99%).

Other HSDT SEC filings

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