Risk factors

Solana (HSDT) risk factors

Item 1A of every Solana Co. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    87 risks, 51 new, 7 dropped, 11 reworded since the prior year. The company added a digital asset treasury strategy focused on holding Solana, exposing results to cryptocurrency price volatility.

    Filed Mar 31, 2026
  • FY2024 10-K risk factors

    43 risks. Solana Co faces going-concern doubts after incurring a $11.7 million net loss in 2024 with limited revenue. Commercial success depends heavily on adoption of its PoNS neurostimulation device for MS and other indications. The company relies on single third-party partners for manufacturing and distribution. Compliance with strict FDA regulations and Department of Veterans Affairs supply requirements is essential for operations.

    Filed Mar 25, 2025