Helius (HSDT), a new "SOL treasury company, raised $500 million, rose 270% before the market, with a market value of only $8.14 million

According to BlockBeats, on September 15, according to market data, Helius (HSDT), a US-listed company that just announced its transformation to SOL treasury, rose 270% before the market opened. It is worth noting that the company closed at just $7.56 on the previous trading day, with a market value of just $8.14 million. BlockBeats previously reported that 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.