Helius (NASDAQ:HSDT), in Partnership with Pantera Capital and Summer Capital Announces Over $500 Million in Funding to Launch SOL Treasury Company

Core Viewpoint - Helius Medical Technologies, Inc. has announced an oversubscribed private investment in public equity offering, aiming to raise over $1.25 billion to implement a digital asset treasury strategy focused on acquiring SOL, the native cryptocurrency of the Solana blockchain [2][4][9]. Company Overview - Helius Medical Technologies is a neurotech company focused on improving the lives of individuals with neurologic diseases through its Portable Neuromodulation Stimulator [19]. - The company plans to leverage its treasury strategy to enhance its position in the Solana ecosystem, which is recognized for its rapid growth and high transaction capacity [4][5]. Offering Details - The offering includes over $500 million from the sale of common stock and an additional $750 million from stapled warrants, with the stapled warrants having an exercise price of $10.134 and being exercisable for three years [9][10]. - The closing of the offering is expected around September 18, 2025, subject to customary closing conditions [4][9]. Strategic Intent - The net proceeds from the offering will primarily be used to acquire SOL in the open market and establish the company's SOL treasury operations, along with working capital and general corporate purposes [10]. - The company aims to build an initial SOL position and significantly scale holdings over the next 12–24 months, while exploring staking and lending opportunities within the ecosystem [16]. Leadership and Partnerships - The offering is led by Pantera Capital and Summer Capital, with participation from various prominent investors, indicating strong institutional interest in the Solana ecosystem [3][7]. - The management team combines extensive experience in global capital markets and digital assets, enhancing the company's strategic positioning [5][7]. Market Position and Future Outlook - Solana is noted for its high transaction revenue and processing capabilities, with over 3,500 transactions per second and approximately 3.7 million daily active wallets [4]. - The company emphasizes transparency and engagement with the Solana community, with plans for future updates on treasury growth and governance measures [12].