{"id":905517,"date":"2025-11-04T18:36:12","date_gmt":"2025-11-04T23:36:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/solana-company-files-application-to-cease-to-be-a-reporting-issuer-in-canada\/"},"modified":"2025-11-04T18:36:12","modified_gmt":"2025-11-04T23:36:12","slug":"solana-company-files-application-to-cease-to-be-a-reporting-issuer-in-canada","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/solana-company-files-application-to-cease-to-be-a-reporting-issuer-in-canada\/","title":{"rendered":"Solana Company Files Application to Cease to Be a Reporting Issuer in Canada"},"content":{"rendered":"
\n

NEWTOWN, Pa., Nov. 04, 2025 (GLOBE NEWSWIRE) — Solana Company (NASDAQ: HSDT) (\u201cSolana<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) today announced that it has applied to the British Columbia Securities Commission, as principal regulator, and the Ontario Securities Commission, for an order under the securities legislation of British Columbia and Ontario (the \u201cRequested Order<\/strong>\u201d) that the Company has ceased to be a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Qu\u00e9bec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador, being the jurisdictions in Canada in which the Company is currently a reporting issuer (the \u201cCanadian Jurisdictions<\/strong>\u201d). The Class A common stock of Solana was voluntarily delisted from the Toronto Stock Exchange on September 9, 2021, but the Company has remained a reporting issuer in the Canadian Jurisdictions since such delisting.<\/p>\n

If the Requested Order is granted, the Company will cease being a reporting issuer in the Canadian Jurisdictions. As a result, the Company will no longer be required to file financial statements and other continuous disclosure documents in the Canadian Jurisdictions pursuant to Canadian securities laws. Solana will continue to file all financial statements and other continuous disclosure materials required to be filed by the Company in accordance with applicable U.S. securities law and the rules of The Nasdaq Stock Market LLC.<\/p>\n

\n
\n Forward-Looking Statements<\/u>
\n <\/strong>\n <\/p>\n

This\u00a0press release\u00a0contains statements that constitute \u201cforward-looking statements\u201d within the meaning of the U.S. federal securities laws and \u201cforward-looking information\u201d within the meaning of applicable Canadian securities laws. \u00a0In some cases, you can identify forward-looking statements by terminology such as \u201cmay\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201cexpect\u201d, \u201cplan\u201d, \u201cintend\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cpredict\u201d, \u201cpotential\u201d or \u201ccontinue\u201d, the negative of such terms or other comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those expressed or implied by such statements. Forward-looking statements may include, among others,\u00a0statements with respect to the Requested Order, including whether the Requested Order will be granted and the consequences thereof.<\/p>\n

These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors many of which are beyond the Company\u2019s control that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company\u2019s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; the market performance of SOL; and regulatory discretion that may be exercised by Canadian securities regulators, and other risks and uncertainties described under \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K filed with the SEC on March 25, 2025, and in other subsequent filings with the SEC. These filings are available at\u00a0www.sec.gov.\u00a0The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n

\n
\n About Solana Company<\/u>
\n <\/strong>
\n
Solana Company (NASDAQ: HSDT) is a leading neurotech company in the medical device field focused on neurologic deficits using orally applied technology platform that amplifies the brain\u2019s ability to engage physiologic compensatory mechanisms and promote neuroplasticity, improving the lives of people dealing with neurologic diseases. It is also a listed digital asset treasury (\u201cDAT\u201d) dedicated to acquiring and holding Solana (SOL). Created in partnership with Pantera Capital and Summer Capital, Solana Company\u2019s DAT objective is to maximize SOL per share through strategic use of capital markets and onchain opportunities, offering public market investors direct exposure to Solana\u2019s secular growth.<\/p>\n

For more information, please visit www.solanacompany.co<\/a> or follow us on X (@Solana_Company).<\/p>\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Media Contacts:<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Solana Company<\/td>\nir@solanacompany.co<\/td>\n<\/tr>\n
Pantera Capital Management LP<\/td>\nir@panteracapital.com<\/td>\n<\/tr>\n
Summer Capital Limited<\/td>\npr@summer-cap.com<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEWTOWN, Pa., Nov. 04, 2025 (GLOBE NEWSWIRE) — Solana Company (NASDAQ: HSDT) (\u201cSolana\u201d or the \u201cCompany\u201d) today announced that it has applied to the British Columbia Securities Commission, as principal regulator, and the Ontario Securities Commission, for an order under the securities legislation of British Columbia and Ontario (the \u201cRequested Order\u201d) that the Company has ceased to be a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Qu\u00e9bec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador, being the jurisdictions in Canada in which the Company is currently a reporting issuer (the \u201cCanadian Jurisdictions\u201d). The Class A common stock of Solana was voluntarily delisted from the Toronto Stock Exchange on September 9, 2021, but the Company has … <\/p>\n

Continue reading “Solana Company Files Application to Cease to Be a Reporting Issuer in Canada”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-905517","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSolana Company Files Application to Cease to Be a Reporting Issuer in Canada - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/solana-company-files-application-to-cease-to-be-a-reporting-issuer-in-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Company Files Application to Cease to Be a Reporting Issuer in Canada - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEWTOWN, Pa., Nov. 04, 2025 (GLOBE NEWSWIRE) — Solana Company (NASDAQ: HSDT) (\u201cSolana\u201d or the \u201cCompany\u201d) today announced that it has applied to the British Columbia Securities Commission, as principal regulator, and the Ontario Securities Commission, for an order under the securities legislation of British Columbia and Ontario (the \u201cRequested Order\u201d) that the Company has ceased to be a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Qu\u00e9bec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador, being the jurisdictions in Canada in which the Company is currently a reporting issuer (the \u201cCanadian Jurisdictions\u201d). 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