Company: HSDTW
Filing Date: 2025-09-15
Form Type: 8-K
Source: 0001104659-25-089774
Chunk: 0

Company: Solana Co
Filing Date: 2025-09-15
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive Agreement.

Securities Purchase Agreements

On September 15, 2025, Helius Medical Technologies, Inc.
(the “ Company”) entered into securities purchase agreements (the “ Cash Securities Purchase Agreements”)
with certain accredited investors (the “ Cash Purchasers”) pursuant to which the Company agreed to sell and issue to
the Cash Purchasers in a private placement offering (the “ Cash Offering”) an aggregate offering of (i) either
shares (the “ Cash 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 Cash Share (the “ Per Share Cash Purchase Price”); and/or pre-funded
warrants (the “Cash Pre-Funded Warrants”) to purchase shares of the Common Stock (the “Cash Pre-Funded Warrant
Shares”) at an offering price of the Per Share Cash Purchase Price less $0.001 per Cash Pre-Funded Warrant, and (ii) stapled
warrants (the “ Cash Stapled Warrants” and, together with the Cash Shares and the Cash Pre-Funded Warrants, the “ Cash
Securities”) to purchase shares of the Common Stock (the “ Cash Stapled Warrant Shares”) at an exercise price
of $10.134 per Cash Stapled Warrant. In the Cash Offering, the Cash Purchasers will tender any of U. S. dollars, USDC or USDT (or a combination
thereof) to the Company as consideration for the Cash Shares, Cash Stapled Warrants and Cash Pre-Funded Warrants.

Each of the Cash Pre-Funded Warrants is exercisable
for one share of Common Stock at the remaining exercise price of $0.001 per Cash Pre-Funded Warrant Share, immediately exercisable by
the registered holder, and may be exercised at any time following registration until all of the Cash Pre-Funded Warrants issued in the
Cash Offering are exercised in full. Each Purchaser’s ability to exercise its Cash Pre-Funded Warrants in exchange for shares of
Common Stock is subject to certain beneficial ownership limitations set forth therein. Each of the Cash Stapled Warrants is exercisable
for one share of Common Stock at the exercise price of $10.134 per Cash Stapled Warrant Share, immediately exercisable upon registration,
and may be exercised at any time following registration until the earlier of (i)