Solana Company Announces $15M Stock Offering
News related to:Solana Company · 4 min read
PHILADELPHIA, Sept. 30, 2026 /CourierPR/ -- Solana Company, a publicly listed digital asset treasury and infrastructure company, has announced the pricing of a $15 million registered direct offering with a single global institutional investor. The offering involves the purchase and sale of an aggregate of 4,369,356 shares of Class A common stock at a purchase price of $3.433 per share (the "Purchased Shares"), along with accompanying warrants to purchase up to 4,369,356 shares of Class A common stock at an exercise price of $3.776 per share (the "Common Warrants").
The gross proceeds to the Company from the offering are expected to be approximately $15 million, before deducting placement agent's fees and other offering expenses. The Company intends to use the expected proceeds from the offering to support growth in Solana per share, which includes opportunistically buying back stock based on the Company’s authorized stock buyback program and, to the extent the Company determines it is attractive to shareholders, acquiring Solana to grow the treasury, along with working capital and general corporate purposes, business expansion, and other strategic initiatives.
The Class A common stock and warrants being offered in the registered direct offering are being offered and sold by Solana Company in a registered direct offering pursuant to a "shelf" registration statement on Form S-3 (File No. 333-290429), as amended, that became effective on April 8, 2026. The offering of the securities in the registered direct offering is being made only by means of a base prospectus and prospectus supplement that forms a part of the effective registration statement. A final prospectus supplement and the accompanying base prospectus will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.
Solana Company, a publicly listed digital asset treasury and infrastructure company, has entered into a securities purchase agreement with a single institutional investor. The agreement provides for the purchase and sale of an aggregate of 4,369,356 shares of Class A common stock at a purchase price of $3.433 per share, with accompanying warrants to purchase up to 4,369,356 shares of Class A common stock at an exercise price of $3.776 per share. The Purchased shares were priced at a 5% premium to Net Asset Value per share, and the Common Warrants exercise price was set at a 10% premium to NAV per share. As of September 24, 2026, the Company and its subsidiaries collectively held 2.3 million SOL and $2.3 million of cash and stablecoin holdings, for a total NAV of $278 million based on a SOL price of $119.
The gross proceeds to the Company from the offering are expected to be approximately $15 million, before deducting placement agent's fees and other offering expenses. The Company intends to use the expected proceeds from the offering to support growth in Solana per share, which includes opportunistically buying back stock based on the Company’s authorized stock buyback program and, to the extent the Company determines it is attractive to shareholders, acquiring Solana to grow the treasury, along with working capital and general corporate purposes, business expansion, and other strategic initiatives.
Solana Company, a publicly listed digital asset treasury and infrastructure company, has entered into a securities purchase agreement with a single institutional investor. The agreement provides for the purchase and sale of an aggregate of 4,369,356 shares of Class A common stock at a purchase price of $3.433 per share, with accompanying warrants to purchase up to 4,369,356 shares of Class A common stock at an exercise price of $3.776 per share. The Purchased shares were priced at a 5% premium to Net Asset Value per share, and the Common Warrants exercise price was set at a 10% premium to NAV per share. As of September 24, 2026, the Company and its subsidiaries collectively held 2.3 million SOL and $2.3 million of cash and stablecoin holdings, for a total NAV of $278 million based on a SOL price of $119.
The gross proceeds to the Company from the offering are expected to be approximately $15 million, before deducting placement agent's fees and other offering expenses. The Company intends to use the expected proceeds from the offering to support growth in Solana per share, which includes opportunistically buying back stock based on the Company’s authorized stock buyback program and, to the extent the Company determines it is attractive to shareholders, acquiring Solana to grow the treasury, along with working capital and general corporate purposes, business expansion, and other strategic initiatives.
Solana Company, a publicly listed digital asset treasury and infrastructure company, has entered into a securities purchase agreement with a single institutional investor. The agreement provides for the purchase and sale of an aggregate of 4,369,356 shares of Class A common stock at a purchase price of $3.433 per share, with accompanying warrants to purchase up to 4,369,356 shares of Class A common stock at an exercise price of $3.776 per share.