SOLC — what changed in the latest 10-Q
A section-by-section comparison of SOLC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −5 | ~6 | 11 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
The net asset value per Share of $19.38 at May 11, 2026, was the highest during the quarter, compared with a low of $12.44 at June 5, 2026.
The decrease in net assets from operations for the quarter ended June 30, 2026, was $(126,890), resulting from a decrease in unrealized gain on the Trust’s SOL investment of $(144,536), and staking income of $17,646.
The net asset value per Share of $28.62 at January 14, 2026, was the highest during the six-month period, compared with a low of $12.44 at June 5, 2026.
The decrease in net assets from operations for the six months ended June 30, 2026, was $(678,848), resulting from a decrease in unrealized gain on the Trust’s SOL investment of $(684,292), realized losses on the disposition of SOL of $(34,177), and staking income of $39,621.
* No comparative prior-year periods have been presented as the initial share purchase date of the Trust was November 17, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-13
Results of Operations for the Three Months Ended March 31, 2026*
The net asset value per Share of $28.62 at January 14, 2026 was the highest during the quarter, compared with a low of $15.07 at February 12, 2026.
The decrease in net assets from operations for the quarter ended March 31, 2026, was $(551,958), resulting from a decrease in unrealized gain on the Trust’s SOL investment of $(539,756), realized losses on the disposition of SOL of $(34,177), and staking income of $21,975.
* No comparative periods have been presented as the initial share purchase date of the Trust was November 17, 2025.
As of March 31, 2026, the Trust has not used, nor does it expect to use in the future, special purpose entities to facilitate off balance sheet financing arrangements and has no loan guarantee arrangements or off-balance sheet arrangements of any kind other than agreements entered into in the normal…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice