Company: HSDTW
Filing Date: 2025-10-14
Form Type: DEF 14A
Source: 0001104659-25-098889
Chunk: 48

Company: Solana Co
Filing Date: 2025-10-14
Form: DEF 14A
Chunk 48
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 do not vote in favor of this proposal, the Strategic Advisor Warrants will not be exercisable. Additional Information This summary is intended to provide you with basic information concerning the Strategic Advisor Agreement and the Strategic Advisor Warrants. The full text of the Strategic Advisor Agreement and the 28 TABLE OF CONTENTS form of Strategic Advisor Warrants were filed as exhibits to our Current Report on Form 8-K filed with the SEC on September 15, 2025. The Form 8-K and the documents filed as exhibits thereto are incorporated herein by reference. Vote Required The affirmative vote of the holders of shares of Common Stock representing a majority of votes cast at the Special Meeting will be required for approval of this proposal. Accordingly, abstentions will not have an effect on this proposal. Unless marked otherwise, proxies received will be voted “FOR” the approval of Proposal 2. OUR BOARD UNANIMOUSLY RECOMMENDS A VOTE “FOR” PROPOSAL 2 29 TABLE OF CONTENTS PROPOSAL 3 CRYPTOCURRENCY WARRANT PROPOSAL We are asking stockholders to approve the issuance of shares of our common stock upon exercise of the Cryptocurrency Pre-Funded Warrants and Cryptocurrency Stapled Warrants issued in connection with our September 15, 2025 private placement offering. Terms of the Cryptocurrency Securities Purchase Agreements On September 15, 2025, the Company entered into securities purchase agreements (the “ Cryptocurrency Securities Purchase Agreements ”) with certain accredited investors (the “ Cryptocurrency Purchasers ”) pursuant to which the Company agreed to sell and issue to the Cryptocurrency Purchasers in a private placement offering (the “ Cryptocurrency Offering ”) (i) 10,994,199 pre-funded warrants (the “ Cryptocurrency Pre-Funded Warrants ”) to purchase shares of Common Stock at an offering price of $6.881 less $0.001, and (ii) 10,994,199 stapled warrants (the “ Cryptocurrency Stapled Warrants ”) to purchase shares of Common Stock at an exercise price of $10.134 per Cryptocurrency Stapled Warrant. In the Cryptocurrency Offering, the Cryptocurrency Purchasers tendered either Unlocked SOL tokens or Locked SOL tokens to the Company as consideration for the Cryptocurrency Pre-Funded Warrants and the Cryptocurrency Stapled Warrants. Each of the Cryptocurrency Pre-Funded Warrants is exercisable for one share of Common Stock at the exercise price of $0.001 per Cryptocurrency Pre