According to MyStonks market data from Odaily, Helius (HSDT), a US-listed company that recently announced its transformation into a SOL treasury company, saw its stock surge 270% in pre-market trading. Notably, the company's previous closing price was just $7.56, giving it a market capitalization of just $8.14 million.

Helius Medical Technologies (NASDAQ: HSDT) previously announced a major strategic transformation, becoming a SOL treasury company through a private equity investment exceeding $500 million. This PIPE (private equity investment) led by Pantera Capital and Summer Capital was oversubscribed, consisting of the sale of common stock at $6.881 per share and accompanying warrants at $10.134 per share. If fully exercised, the warrants are expected to raise over $1.25 billion.