Solana Company opens PIPE investor sales early, sending its stock price plummeting 60%

Solana Company (HSDT, formerly Helius), the Pantera-backed SOL digital asset treasury, announced it will allow investors in its $500 million PIPE round to resell their shares early. The company's stock price, which was privately priced at $6.881 per share in September, has fallen to approximately $6.50, representing a roughly 60% drop over the past three days, including a further 17% drop on Monday.