Company: HSDTW
Filing Date: 2025-11-18
Form Type: POSASR
Source: 0001104659-25-113339
Chunk: 4

Company: Solana Co
Filing Date: 2025-11-18
Form: POSASR
Chunk 4
---
 this prospectus is accurate, truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is November 17, 2025</div>

TABLE OF CONTENTS

TABLE OF CONTENTS

| ​ | ABOUT THIS PROSPECTUS                             | ​ | ​ | ​ | ​ |  1 | ​ | ​ |
| ​ | WHERE YOU CAN FIND MORE INFORMATION               | ​ | ​ | ​ | ​ |  2 | ​ | ​ |
| ​ | FORWARD-LOOKING STATEMENTS                        | ​ | ​ | ​ | ​ |  2 | ​ | ​ |
| ​ | PROSPECTUS SUMMARY                                | ​ | ​ | ​ | ​ |  4 | ​ | ​ |
| ​ | RISK FACTORS                                      | ​ | ​ | ​ | ​ |  7 | ​ | ​ |
| ​ | USE OF PROCEEDS                                   | ​ | ​ | ​ | ​ |  9 | ​ | ​ |
| ​ | SELLING STOCKHOLDERS                              | ​ | ​ | ​ | ​ | 10 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                              | ​ | ​ | ​ | ​ | 19 | ​ | ​ |
| ​ | LEGAL MATTERS                                     | ​ | ​ | ​ | ​ | 21 | ​ | ​ |
| ​ | EXPERTS                                           | ​ | ​ | ​ | ​ | 21 | ​ | ​ |
| ​ | TRANSFER AGENTS                                   | ​ | ​ | ​ | ​ | 21 | ​ | ​ |
| ​ | INCORPORATION OF CERTAIN INFORMATION BY REFERENCE | ​ | ​ | ​ | ​ | 21 | ​ | ​ |

i

TABLE OF CONTENTS

### ABOUT THIS PROSPECTUS
This prospectus is part of an automatic shelf registration statement on Form S-3 that we have filed with the SEC as a “well-known seasoned issuer” as defined in Rule 405 under the Securities Act. Under this shelf registration process, the Selling Stockholders may offer shares of our Common Stock in one or more offerings. Before investing in our Common Stock offered by this prospectus, we urge you to carefully read this prospectus, together with the information incorporated by reference as described under “Where You Can Find More Information” and “Incorporation of Certain Information by Reference” in this prospectus. These documents contain important information that you should consider when making your investment