Solana Company

HSDT

Market cap $98.7M

PHILADELPHIA, June 30, 2026 (GLOBE NEWSWIRE) -- Solana Company (Nasdaq: HSDT) (the “Company”), a publicly listed digital asset treasury, infrastructure, and services company providing institutional access to the Solana ecosystem, today announced the signing of a Memorandum of Understanding (“MoU”) with the Administration of Alatau City to establish a strategic blockchain partnership and support Alatau City's development as the leading international center for digital asset, fintech, and blockchain activity in Central Asia. Alatau City is Kazakhstan's future-oriented urban center that prioritizes sustainability, technological innovation, and green growth.

NEWTOWN, Pa., June 16, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “Solana”), a publicly listed company that has expanded its business to include a digital asset treasury dedicated to acquiring and holding Solana tokens (“SOL”), today confirms that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding proposal it received on June 4, 2026  from Forward Industries, Inc. (“Forward”) to acquire the Company in an all-stock business combination valued at $1.48 per Solana share.

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-stock business combination. On June 12th, HSDT responded that its board voted to decline Forward's offer and chose to not engage in further discussion. We are disappointed and surprised that the HSDT board has chosen to reject Forward's offer without any discussion or communication. We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-stock business combination. On June 12th, HSDT responded that its board voted to decline Forward's offer and chose to not engage in further discussion. We are disappointed and surprised that the HSDT board has chosen to reject Forward's offer without any discussion or communication. We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.

Solana Company (HSDT) Q1 2026 Earnings Call Transcript

NEWTOWN, Pa., May 15, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed company, today announced results for the quarter ended March 31, 2026.

NEWTOWN, Pa., May 11, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “HSDT”), a publicly listed company, today announced that the Company will release its first quarter operating results on Friday, May 15 2026, after market close.

MIAMI, May 06, 2026 (GLOBE NEWSWIRE) -- Jito Foundation , the organization supporting the development of the Jito ecosystem and the team behind the execution infrastructure underpinning the Solana network, today announced a strategic partnership with Solana Company (NASDAQ: HSDT), a leading institutional blockchain infrastructure company for the Solana ecosystem. The partnership is intended to focus on building institutional-grade validator infrastructure, advancing yield optimization, and accelerating institutional adoption of Solana across the APAC region.

NEWTOWN, Pa., April 27, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (“HSDT” or the “Company”), a publicly listed company that has expanded its business to include a digital asset treasury dedicated to acquiring and holding Solana tokens (“SOL”), today announced that it has entered into a definitive agreement providing for the purchase and sale of an aggregate of 3,076,922 shares of Class A common stock at a purchase price of $2.60 per share.

The Solana Company, like many of its treasury company peers, has traded significantly lower in recent months. A closer look at the fundamentals suggests there's a lot to like here. At the current mNAV discount, the risk/reward is quite compelling.