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The newly financed "SOL Treasury Company" Helius (HSDT) rose big by 270% in pre-market, with a market capitalization of only 8.14 million USD.
On September 15, according to market data, the US-listed company Helius (HSDT), which just announced its transformation into a SOL treasury company, surged 270% in pre-market trading. Notably, the company's Closing Price on the previous trading day was only $7.56, with a market capitalization of just $8.14 million. BlockBeats previously reported that Helius Medical Technologies (NASDAQ: HSDT) announced a significant strategic transformation, transitioning into a SOL treasury company through a private sale investment of over $500 million. This PIPE (private equity investment) led by Pantera Capital and Summer Capital has been oversubscribed, including ordinary shares sold at $6.881 per share and warrants attached at $10.134 each. If all warrants are exercised, the total amount raised is expected to exceed $1.25 billion.