Company: HSDTW
Filing Date: 2025-09-18
Form Type: 8-K
Source: 0001104659-25-091281
Chunk: 0

Company: Solana Co
Filing Date: 2025-09-18
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement

As previously disclosed, on September 15,
2025, Helius Medical Technologies, Inc. (the “ Company”) entered into subscription agreements (the “ Cash Subscription
Agreements”) with certain accredited investors (the “ Cash Purchasers”) pursuant to which the Company, in a private placement
(the “ Cash Offering”), agreed to issue and sell to the Cash Purchasers an aggregate of (i) 37,825,277 shares of Class A
common stock of the Company, par value $0.001 per share (the “ Common Stock”) at an offering price of $6.881 per share, (ii) pre-funded
warrants (the “ Cash Pre-Funded Warrants”) to purchase 25,121,713 shares of Common Stock at an offering price of $6.880 per
underlying share of Common Stock and (iii) stapled warrants (the “ Cash Stapled Warrants”) to purchase 62,946,990 shares
of Common Stock at an exercise price of $10.134 per underlying share of Common Stock. In the Cash Offering, the Cash Purchasers had the
option to tender any of U. S. dollars, USDC or USDT (or a combination thereof) to the Company as consideration for the Cash Shares, Cash
Pre-Funded Warrants and Cash Stapled Warrants.

Additionally, on September 15, 2025, the
Company entered into subscription agreements (the “ Cryptocurrency Subscription Agreements,” and together with the Cash Subscription
Agreements, the “ Subscription Agreements”) with certain accredited investors (the “ Cryptocurrency Purchasers,”
and together with the Cash Purchasers, the “ Purchasers”) pursuant to which the Company agreed to sell and issue to the Cryptocurrency
Purchasers in a private placement (the “ Cryptocurrency Offering,” and together with the Cash Offering, the “ Offerings”)
an aggregate of (i) pre-funded warrants (the “ Cryptocurrency Pre-Funded Warrants”) to purchase 10,994,199 shares of Common
Stock at an offering price of $6.880 and (ii) stapled warrants (the “ Cryptocurrency Stapled Warrants” and together with
the Cryptocurrency Pre-Funded Warrants, the “ Cryptocurrency Warrants”) to purchase 10,994,199 shares of Common Stock at an
exercise price of $10.134 per underlying Share of Common. In the Cryptocurrency Offering, the