Helius, a US-listed company, has completed a $500 million private equity round to transform itself into a SOL treasury company, led by Pantera Capital and Summer Capital.

Odaily Planet Daily News Helius Medical Technologies (NASDAQ: HSDT) announced a major strategic transformation, transforming into the SOL Treasury Company through a private equity investment of over US$500 million. This PIPE (private equity investment) led by Pantera Capital and Summer Capital has been oversubscribed, including the sale of common stock at US$6.881 per share and accompanying warrants at US$10.134 each. If all warrants are exercised, the total amount raised is expected to exceed US$1.25 billion. The company will use the raised funds to implement the digital asset treasury strategy, focusing on acquiring Solana's native cryptocurrency SOL as its main reserve asset. The move relies on Solana's position as the fastest-growing blockchain. The transaction is expected to be completed around September 18, 2025. The new leadership includes Joseph Chee as director and executive chairman, Cosmo Jiang as board observer, and Dan Morehead as strategic advisor. (stocktitan)