Company: HSDTW
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001104659-25-044128
Chunk: 13

Company: Solana Co
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 13
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 shares and 90,989 shares (and the respective exercise prices of the options would increase by a factor equal to the inverse of the split ratio);

•

the number of shares of the Company’s Common Stock issuable upon the exercise of outstanding warrants would be reduced from 513,434 to between approximately 2,053 shares and 256,717 shares (and the respective exercise prices of the warrants would increase by a factor equal to the inverse of the split ratio);

•

the aggregate number of shares of the Company’s Common Stock reserved for issuance, in connection with future awards under the 2022 Equity Incentive Plan and the 2021 Inducement Plan would be reduced from 8,267 to between approximately 33 shares and 4,133 shares;

•

the number of shares of the Company’s authorized Common Stock would remain unchanged at 150,000,000 shares;

•

the 10,000,000 shares of the Company’s authorized preferred stock would remain unchanged; and

•

the number of shares of the Company’s Common Stock that are authorized, but unissued and unreserved, would increase from 148,621,327 to between approximately 149,310,665 shares and 149,994,488 shares; and the par value of the Company’s Common Stock and preferred stock would remain unchanged at $0.001 per share, and, as a result, the stated capital attributable to Common Stock on the Company’s balance sheet would be reduced proportionately based on the reverse stock split ratio, the additional paid-in capital account would be credited with the amount by which the stated capital is reduced, and the per-share net income or loss and net book value of the Company’s Common Stock would be restated because there would be fewer shares of Common Stock outstanding

The following table contains approximate information relating to our Common Stock immediately following the reverse stock split under certain possible exchange ratios, based on share information as of April 25, 2025. The table, which does not take into account an increase in the authorized shares to up to 800,000,000 pursuant to Proposal 1 or the Board’s authority to effect a reverse stock split without stockholder approval if the reduction in the number of issued and outstanding shares of Common Stock is coupled with a corresponding decrease in the number of authorized shares of Common Stock, below illustrates the number of shares of Common Stock authorized for issuance following the Reverse Split, the approximate number of shares of Common Stock that would remain outstanding following the Reverse Split, and the number of unreserved shares