Company: HSDTW
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001104659-25-035130
Chunk: 35

Company: Solana Co
Filing Date: 2025-04-15
Form: DRS
Chunk 35
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     | ​ | ​ | ​ | ​     | $ |   | ​ | ​ |
| Proceeds to us (before expenses)          | ​ | ​ | ​                                       | $ |     | ​ | ​ | ​ | ​                                                   | $ |     | ​ | ​ | ​ | ​     | $ | ​ | ​ | ​ |

(1) The public offering price and underwriting discount corresponds to (i) a public offering price per share of common stock of $ ($ net of the underwriting discount) or $ per pre-funded warrant ($ net of the underwriting discount) and (ii) a public offering price per common warrant of $ ($ net of the underwriting discount). We estimate that our total expenses of this offering, excluding the estimated underwriting discounts and commissions, will be approximately $ , which includes up to $ that we have agreed to reimburse the underwriter for the fees and expenses incurred by it and its legal counsel in connection with this offering.

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TABLE OF CONTENTS

### CONFIDENTIAL TREATMENT REQUESTED

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

#### Representative Warrants
We have agreed to issue to Maxim (or its permitted assignees) warrants to purchase a number of shares of common stock equal to 5.0% of the total number of securities being sold in this offering. The representative warrants will be substantially similar to the common warrants issued hereunder except that the warrants will expire five years from the commencement of sales of this offering. See the form of representative warrant filed as an exhibit hereto for a complete description of the terms of the representative warrants. The representative warrants and the shares of common stock underlying the warrants are being registered on the registration statement of which this prospectus is a part.

#### Lock-Up Agreements
Our officers, directors and certain stockholders, have agreed to a 90-day “lock-up” with respect to the Company’s common stock and other of our securities such parties beneficially own, including securities that are convertible into common stock and securities that are exchangeable or exercisable for common stock, subject to certain exceptions. This means that, subject to certain exceptions, for a period of 90 days following the date of the underwriting agreement, such persons may not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to