US-listed company Helius completed $500 million in private equity financing to transform into SOL treasury, led by Pantera Capital and Summer Capital

According to BlockBeats, on September 15, according to stocktitan, Helius Medical Technologies (NASDAQ: HSDT) announced a major strategic transformation, transforming into SOL treasury through over $500 million in private equity investment. The PIPE (private equity investment), led by Pantera Capital and Summer Capital, has been oversubscribed, including the sale of common stock at $6.881 per share and warrants attached to $10.134 per share, which is expected to raise a total of more than $1.25 billion if the warrants are fully exercising. The company will use the funds raised to implement its digital asset funding strategy, focusing on acquiring Solana native cryptocurrency SOL as its main reserve asset. The move relies on Solana's position as the fastest growing blockchain. The deal is expected to be completed around September 18, 2025, with new leadership including Joseph Chee as director and executive chairman, Cosmo Jiang as board observer and Dan Morehead as strategic consultant.