Company: HSDTW
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001104659-25-035130
Chunk: 25

Company: Solana Co
Filing Date: 2025-04-15
Form: DRS
Chunk 25
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 of our common stock issuable upon exercise of outstanding warrants, excluding 12,122 pre-funded warrants with an exercise price of $0.001 and warrants exercised after December 31, 2024, at a weighted average exercise price of $7.07 per share; • 12,122 shares of our common stock issuable upon exercise of pre-funded warrants at an exercise price of $0.001 per share; • 146,539 shares of our common stock to be reserved for potential future issuance pursuant to the 2021 Plan and the 2022 Plan; and • 4,971,110 shares either issued or held in abeyance upon the exercise of outstanding warrants in January 2025. Except as otherwise indicated, all information in this prospectus assumes: (i) no exercise of outstanding stock options after December 31, 2024, (ii) no exercise of warrants after December 31, 2024 (including the pre-funded warrants, common warrants and representative warrants offered hereby), and (iii) no exercise of the underwriters’ option to purchase additional securities.

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### CONFIDENTIAL TREATMENT REQUESTED

#### PURSUANT TO 17 C.F.R. SECTION 200.83
To the extent that outstanding options or warrants are converted or exercised, you could experience further dilution. In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that additional capital is raised through the sale of additional equity, the issuance of these shares could result in further dilution to our stockholders.

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### CONFIDENTIAL TREATMENT REQUESTED

#### PURSUANT TO 17 C.F.R. SECTION 200.83

### DESCRIPTION OF SECURITIES WE ARE OFFERING
Common Stock. The material terms and provisions of our Common Stock are described under the caption “ Description of Capital Stock ”.

#### Common Warrants
The following summary of certain terms and provisions of the common warrants being offered hereby is not complete and is subject to, and qualified in its entirety by, the provisions of the common warrant, the form of which is filed as an exhibit to the registration statement of which this prospectus forms a part. Prospective investors should carefully review the terms and provisions of the form of common warrant for a complete description of the terms and conditions of the common warrants.

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