Company: HSDTW
Filing Date: 2025-09-18
Form Type: 8-K
Source: 0001104659-25-091281
Chunk: 7

Company: Solana Co
Filing Date: 2025-09-18
Form: 8-K
Item: Item 3.02
Chunk 7
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2022 Equity
Incentive Plan.

The foregoing summary is qualified in its entirety
by reference to the full text of the Executive Chairman Agreement, a copy of which is filed as Exhibit 10.3 to this Current Report
and incorporated herein by reference.

Indemnification Agreements

On September 14, 2025, the Company entered
into amended and restated indemnification agreements with each of its directors and officers. Pursuant to the terms of the indemnification
agreement, the Company may be required, among other things, to indemnify each director and officer for some expenses, including attorneys’
fees, judgments, fines and settlement amounts incurred by such director or officer in any action or proceeding arising out of such director’s
or officer’s service to the Company, as applicable. The description of the indemnification agreement is qualified in its entirety
by the full text of the form of indemnification agreement, which is attached as Exhibit 10.2 to this Current Report and is incorporated
herein by reference.

Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.

As previously, disclosed, on May 23, 2025,
at the special meeting of stockholders (the “ Special Meeting”) of the Company, the Company’s stockholders approved a
proposal to amend the Company’s Certificate of Incorporation to increase the number of authorized shares of the Company’s
Common Stock to up to 800,000,000 shares, with such number to be determined at the Board’s discretion.

On September 12, 2025, the Board approved
an increase in the number of authorized shares of the Company’s Common Stock to 800,000,000 shares (the “ Share Increase”).
On September 15, 2025, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate
of Incorporation (the “ Certificate of Amendment”) to effect the Share Increase, which became effective as of September 15,
2025. A copy of the Certificate of Amendment is attached as Exhibit 3.1 to this Current Report and is incorporated herein by reference.

Item 7.01. Regulation FD.

On September 18, 2025, the Company issued
a press release announcing the Closing and receipt of gross proceeds in excess of $500,0000,000, prior to deducting placement agent fees
and other offering expenses. A copy of the press release is attached as Exhibit