Solana company allowed for the resale of shares.

Solana Company Takes Step for Secondary Stock Sale

Solana Company (HSDT) has moved to allow investors to resell shares in a 500 million dollar PIPE (Private Investment in Public Equity) round. This announcement comes after the company’s shares fell by %60 in the last few days, with stock prices dropping below the PIPE price level.

Newly established digital asset treasuries have turned to PIPE financing to raise capital for crypto acquisitions. However, this model has started to come under pressure as stock prices decline.