Company: HSDTW
Filing Date: 2025-06-06
Form Type: 424B4
Source: 0001104659-25-056970
Chunk: 2

Company: Solana Co
Filing Date: 2025-06-06
Form: 424B4
Chunk 2
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 in this offering are exercised on a zero cash basis at the floor price of the common warrants, an aggregate of 42,839,063 shares would be issued upon such zero cash exercise without payment to us of any additional cash. The common warrants will be exercisable from issuance, as further described in “ Description of Securities we are Offering — Common Warrants ”.

We are also offering to certain purchasers whose purchase of common stock and common warrants in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock immediately following the consummation of this offering, the opportunity to purchase, if any such purchaser so chooses in lieu of common stock and common warrants, up to 2,768,600 pre-funded warrants (the “pre-funded warrants”) and up to 2,768,600 common warrants. The purchase price of each pre-funded warrant and common warrant will be equal to the public offering price for the common stock and common warrants in this offering, minus $0.001, and the exercise price of each pre-funded warrant is $0.001 per share. The pre-funded warrants will be immediately exercisable and may be exercised at any time until all of the pre-funded warrants are exercised in full. For each pre-funded warrant that we sell, the number of shares of common stock we are offering will be reduced on a one-for-one basis. Because a common warrant is being sold together in this offering with each common stock and, in the alternative, each pre-funded warrant to purchase one share of common stock, the number of common warrants sold in this offering will not change as a result of a change in the mix of the common stock and pre-funded warrant sold. The common stock and pre-funded warrants, and the accompanying common warrants, as the case may be, can only be purchased together in this offering but will be issued separately and will be immediately separable upon issuance. Pursuant to the registration statement related to this prospectus, we are also registering the shares of common stock issuable upon exercise of the common warrants and pre-funded warrants offered hereby.

We collectively refer to the shares of common stock, pre-funded warrants and common warrants offered hereby, including the shares of common stock underlying the pre-funded warrants and common warrants, as the “securities.”

Our common stock is listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol “HSDT