Solana Company raises $15M to fund buybacks and SOL purchases
- —4,369,356 Class A shares priced at $3.433, raising roughly $15 million
- —Offering priced 5% above NAV per share; warrants struck at $3.776, or 10% above NAV
- —Company held about 2.3 million SOL and $2.3 million in cash as of Sept. 24
- —NAV estimated at $278 million at a $119 SOL price, ranking third among public SOL holders
Why it matters: Pricing above NAV shields shareholders from dilution and reinforces the crypto-treasury model tied to SOL exposure.
Source: CoinPost