In brief
- Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury.
- The firm’s stock price rose by more than 141% as of the close of trading Monday.
- Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius.
Medical devices manufacturer Helius Medical Technologies has raised $500 million through a private placement in public equity (PIPE) to create a Solana treasury, the company announced on Monday, part of a growing list of Nasdaq-traded companies shifting their focus to accumulate SOL.
Venture capital firms Pantera Capital and Summer Capital led the offering, which also included Big Brain Holdings, Avenir, FalconX, Arrington Capital, Animoca Brands, and HashKey Capital, among others. The offering is expected to close on or around Thursday.
“We believe that Solana is a category-defining blockchain and the foundation on which a new financial system will be built,” said Dan Morehead, founder and managing partner of Pantera Capital.
Go to Source to See Full Article
Author: James Rubin
