Company: HSDTW
Filing Date: 2025-10-02
Form Type: PRE 14A
Source: 0001104659-25-096093
Chunk: 49

Company: Solana Co
Filing Date: 2025-10-02
Form: PRE 14A
Chunk 49
---
 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. Brokers generally have discretionary authority to vote on the amendment to our Certificate of Incorporation to increase the number of authorized shares of Common Stock, thus, broker non-votes are not expected to result from the vote 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-Funded Warrant Share, and may be exercised at any time following stockholder approval until all of the Cryptocurrency Pre-Funded Warrants issued in the Cryptocurrency Offering are exercised in full. Each of the Cryptocurrency Stapled Warrants is exercisable for one share of Common Stock at the exercise price of $10.134 per Cryptocurrency Stap