TechFlow news, on September 15, Helius Medical Technologies (Nasdaq: HSDT) announced the raising of over $500 million in collaboration with Pantera Capital and Summer Capital to launch a SOL treasury company. The project is expected to bring total capitalization exceeding $1.25 billion, aiming to accelerate growth within the Solana ecosystem. The funding round was led by Pantera Capital and Summer Capital, with participation from several prominent investment firms including Big Brain Holdings and Arrington Capital.
Helius plans to use the proceeds to acquire Solana blockchain's native token SOL as its primary reserve asset, generating revenue through SOL's approximately 7% native staking yield and DeFi opportunities. The transaction is expected to close on September 18, including the sale of common stock and accompanying warrants with an exercise price of $10.134 and a three-year term.
