Going concern
Filing comparison
Solana Co said management's plans alleviate substantial doubt about its ability to continue as a going concern in its first report following a change of registrant
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
As previously disclosed, we had expressed substantial doubt about our ability to continue as a going concern due to recurring losses and negative operating cash flows. Since September 2025, our available capital resources have been primarily used to increase our digital asset holdings and for working capital and general corporate purposes. We may have to dispose of liquid SOL assets or future liquid SOL earned from staking within the next twelve months to fund these expenses With the successful completion of the 2025 PIPE Offerings and sales pursuant to the 2025 ATM, cash and liquid SOL…
Evidence
- Blank check
- No
- Caveat
- The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
- Comparable
- No
- Current state
- doubt_alleviated
- Current state label
- Substantial doubt raised, alleviated by management's plans
- Direction
- not comparable
- Located in
- filing body
- Prior filed
- 2025-03-25
- Prior form
- 10-K
- Registrant changed from
- HELIUS MEDICAL TECHNOLOGIES, INC.
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.