Solana treasury company Solmate raises $11.4 million through a private placement of common stock

According to Businesswire, Nasdaq-listed Solana treasury company Solmate Infrastructure announced the issuance of a total of 2,298,000 shares of Class B common stock through a registered directed offering, with an issuance price of $4.97 per share, expected to raise approximately $11.4 million in total funds. The transaction is expected to be completed around May 27, 2026, subject to customary closing conditions.