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B. Riley Securities analyst Fedor Shabalin maintains Solana (NASDAQ:HSDT) with a Buy and raises the price target from $2.5 to $3.5.
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Joseph Chee, CEO and Chairman of Solana Company, said on Tuesday, October 6, that China is "closely" monitoring cryptocurrency and blockchains, while continuing to have reservations about how the technology is used.
Filed: 2026-09-30 AccNo: 0001610853-26-000008 Size: 911 KB Item 7.01: Regulation FD Disclosure Item 8.01: Other Events
Solana Company (NASDAQ: HSDT) announced a $15 million registered direct offering, selling 4,369,356 shares of Class A common stock at $3.433 per share with accompanying warrants at $3.776 per share to a single institutional investor. The company plans to use proceeds for treasury growth, stock buybacks, and acquiring additional Solana tokens. The offering is expected to close on October 1, 2026.