Company: HSDTW
Filing Date: 2025-09-15
Form Type: 8-K
Source: 0001104659-25-089778
Chunk: 1

Company: Solana Co
Filing Date: 2025-09-15
Form: 8-K
Item: Item 1.01
Chunk 1
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 agreed to pay the Agents’ commissions for their respective services in acting as agents in the sale of the Shares in the amount
of up to 3.00% of the aggregate gross proceeds it receives from each sale of its Shares pursuant to the Sales Agreement. The Company has
also agreed to provide the Agents with customary indemnification and contribution rights. In addition, the Company has agreed to reimburse
certain legal expenses incurred by the Agent in connection with execution of the Sales Agreement in an amount up to $75,000, in addition
to certain ongoing legal expenses.

A copy of
the Sales Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the material
terms of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.

Honigman LLP,
counsel to the Company, has issued an opinion relating to the validity of the Shares sold pursuant to the Offering. A copy of such legal
opinion, including the consent included therein, is attached as Exhibit 5.1 hereto.

The Shares
are registered pursuant to the Registration Statement and the base prospectus contained therein, and offerings for the Shares will be
made only by means of the Prospectus Supplement. This Current Report on Form 8-K shall not constitute an offer to sell or solicitation
of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities law of such state or jurisdiction.

Item 8.01 Other Events.