Solana Company

Thank you for standing by and welcome to the Solana Company's first quarter operating results conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you'll need to press star 1-1 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 1-1 again. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Serena Jaffe, Investor Relations. Please go ahead.

Thank you, Operator. Before we begin, I would like to inform you that comments and responses to your questions during today's call reflect management views as of today, May 15, 2026 only, and includes forward-looking statements and opinion statements, including prediction, estimates, plans, expectations, and other similar information. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are more fully described in our press release issued earlier today and in the sections entitled Risk Factors in our annual report on Form 10-K filed with the United States Securities and Exchange Commission or the SEC on March 31, 2026, as well as in subsequent filings with the SEC. Our SEC filings can be found on our website or on the SEC's website. Investors are cautioned not to place undue reliance on forward-looking statements. We disclaim any obligation to update or revise these forward-looking statements. Please note that this conference call will be available for audio replay on our website under the News and Events section of our investor relations page. With that, I would now like to turn the call over to Solana Company's Chairman, President and Chief Executive Officer, Joseph Chee.

Joseph Chee Thank you, Serena. Good afternoon, everyone, and welcome to Solana Company's first quarter 2026 earnings call. I'm pleased to report on another quarter of significant progress as we continue to build out our multifaceted digital asset treasury platform. and execute our Solana treasury strategy. Before diving into our strategic initiatives, I would like to highlight key additions to the Solana company. In early April, we welcomed Madeline Ghani as our Chief Operating Officer and Deputy Chief Financial Officer. And today announced that she will serve as our Chief Financial Officer, Treasurer and Secretary. Madeleine is joining us on this earnings call for the first time, and she'll be presenting our financial results later in the call. In late April, we closed the strategic capital raise as disclosed in our public filings. The instrumental offering led by global institution investor MIRE, with participation by Hashkey, marks an inflection point demonstrating both deep commitment from leading APAC institution investors and a market premium. for our Solana strategy. Now turning to the first quarter of 2026, in a quarter of crypto market volatility and headwinds, I'm proud that our first quarter's performance and how we stayed focused on execution. The strategic use of capital markets, on-chain opportunities, and operational discipline enabled the company to maximize our sold per shares during the first quarter. our first quarter revenue increased exponentially from the prior year. Notwithstanding the volatility of Solana price, we remained resilient and continued our execution of generating consistent taking reward of 32.5 thousand Solana tokens in the first quarter of 2026 compared to 34 thousand Solana tokens in the fourth quarter of 2025. At Solana Company, We are building a diversified revenue engine. Architects who target institutional development in what is believed to be one of the fastest growing digital asset regions in the world. We support the growth of its on-chain ecosystem through three integrated revenue generating service lines. Advisory services. We provide bespoke advisory traditional financial institutions and corporates. enabling them to unlock tangible business value through blockchain adoption. Second, validated infrastructure. We offer what we call Pacific Backbone, a compliant high-performance infrastructure necessary for regulated institutions to scale staking and validation activities in Solana. Platform business is the third piece. We bring an AI-powered end-to-end compliance stack. This serves as the critical foundation for long-term collaborative digital asset operations, seamlessly connecting our global business partners. With these initiatives representing a multi-year trajectory, we expect the operational impact to be felt within this fiscal year. We are not simply participating in the APEC growth trend. We aim to be positioned to drive meaningful impact through accelerated Solana adoption through our bespoke advisory services specific backbone, compliant and high-performance infrastructure, and orchestration through our platform business. To illustrate how this unlocks recurring revenue, we view them as a self-reinforcing flywheel. First, our bespoke advisory services provide a strategic roadmap and implementation services for major financial institutions and corporates to transition on-chain and unlock tangible business outcomes. By focusing on high-impact use cases, specifically stablecoin payments and real-world asset tokenization, we lower the barriers to entry, moving our partners from concept to execution with speed and regulatory confidence. Next, the Pacific backbone serves as the foundation of our flywheel. The infrastructure provides the enterprise-grade throughput, security, compliance operation that institutional clients demand. By offering what we believe to be a trusted, high-performance environment, we enable our partners to scale the on-chain operation with a reliability unique to our specialized APEC footprint. In early May, we announced a strategic partnership with JITO to advance yield optimization capability to our validated operation. The broader digital asset The Pacific platform business is our AI-powered orchestration foundation, offering an end-to-end compliance and operations stack. It acts as a connective tissue for collaborative digital asset operations. It continuously brings and connects business partners, serving as the essential layer to foster digital asset operations and business partnerships. Asia Pacific represents the majority of the world's crypto users, at a substantial share of global cross-border payments and trading activities, yet it remains significantly underserved by Solana's existing network infrastructure. We believe our integrated approach, advisory infrastructure and platform position us to serve this market and potentially capture meaningful recurring revenue streams if and as adoption accelerates. With that, Before I turn it over to Cosmo to elaborate on our treasury management and capital markets results, I would also like to mention that, as you were able to see in our event subsequent section of 10Q, we have completed the divestiture of our cash burning pawns business, the medical device business, and completed a series of rationalization steps in Q2. the positive financial results will be felt in Q2. Let me pass the podium back to Cosmo.