NEWTOWN, PA — Solana Company (NASDAQ: HSDT) announced that its Board of Directors has authorized a new stock repurchase program allowing the company to buy back up to $100 million of its outstanding common shares. The open-ended initiative enables Solana to repurchase stock periodically through open-market transactions or privately negotiated deals.
As of November 4, 2025, Solana reported 84,130,257 common shares outstanding, including shares underlying pre-funded and penny warrants.
Executive Chairman Joseph Chee said the program aligns with Solana’s focus on long-term value creation and disciplined capital management. “For our goal of maximizing SOL per share accumulation, there may be times when the best expected return of our capital is to acquire our own shares,” Chee stated. “In this period of market adjustment, our strategic focus remains unwavering, as does our commitment to delivering value and transparency to our shareholders.”
The buyback initiative reflects Solana’s confidence in its financial strength and business outlook, giving the company greater flexibility to manage its capital structure while reinforcing shareholder returns.
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