The board of Solana Company approved a $100 million stock buyback plan

According to GlobeNewswire, Nasdaq-listed Solana Company (NASDAQ: HSDT) announced that its board of directors has approved a $100 million stock repurchase plan to acquire the company's outstanding common stock. The repurchase plan is open-ended, allowing the company to repurchase shares periodically in the open market and through negotiated transactions.

Executive Chairman Joseph Chee stated that to maximize the accumulation of each share of SOL, repurchasing its own stock may be the best expected return on capital at certain times.