A $500 Million Funded New 'SOL Treasury Company' Helius (HSDT) Soars 270% in Pre-market, Market Cap Only $8.14 Million

BlockBeats News, September 15th, according to market data, Helius (HSDT), a US-listed company that just announced its transformation into a SOL treasury company, surged 270% in pre-market trading. It is worth noting that the company's closing price on the previous trading day was only $7.56, with a market capitalization of only $8.14 million.

BlockBeats previously reported that Helius Medical Technologies (Nasdaq: HSDT) announced a major strategic transformation, transforming into a SOL treasury company through a private investment of over $500 million. This PIPE (Private Investment in Public Equity) led by Pantera Capital and Summer Capital has been oversubscribed, including the sale of common stock at $6.881 per share and warrants attached at $10.134 per share, with the potential to raise over $1.25 billion if all warrants are exercised.