Pantera-Backed Solana Company Accelerates PIPE Share Unlock After 60% Stock Drop

Solana Company (HSDT), backed by Pantera Capital, has moved up the unlock schedule for shares from its $500 million PIPE round following a nearly 60% drop in its stock price. The shares, originally purchased at $6.881, are now available for resale ahead of schedule. The company described the move as 'ripping the band-aid off' after the stock fell below the PIPE purchase price. According to the firm's statement on X, this action differentiates HSDT from other digital asset treasury firms choosing to delay.