Company: HSDTW
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001104659-25-052494
Chunk: 6

Company: Solana Co
Filing Date: 2025-05-23
Form: S-1
Chunk 6
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| Placement Agent Fees(1)          | ​ | ​ | ​                                       | $ |     | ​ | ​ | ​ | ​                                                   | $ |     | ​ | ​ | ​ | ​     | $ |   | ​ | ​ |
| Proceeds to us (before expenses) | ​ | ​ | ​                                       | $ |     | ​ | ​ | ​ | ​                                                   | $ |     | ​ | ​ | ​ | ​     | $ | ​ | ​ | ​ |

(1) We have agreed to reimburse the placement agent for certain expenses. See “Plan of Distribution” of this prospectus for a description of these arrangements. We have agreed to issue to the placement agent warrants to purchase the number of shares of common stock equal to 5.0% of the aggregate number of shares of common stock and/or pre-funded warrants sold in this offering. The placement agent warrants will be identical to the common warrants. We are a “smaller reporting company” as defined under U.S. federal securities laws and, as such, have elected to comply with reduced public company reporting requirements. See “Prospectus Summary — Implications of Being a Smaller Reporting Company.” This prospectus complies with the requirements that apply to an issuer that is a smaller reporting company. An investment in our securities involves a high degree of risk. Before buying any securities you should carefully read the discussion of the material risks of investing in our securities in “Risk Factors” beginning on page 9of this prospectus. Neither the U.S. Securities and Exchange Commission nor any other state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense. Sole Book-Running Manager Maxim Group LLC The date of this prospectus is May , 2025

TABLE OF CONTENTS

TABLE OF CONTENTS

| ​                                                                      | ​ | ​ | Page |   |    |   | ​ |
| ABOUT THIS PROSPECTUS                                                  | ​ | ​ | ​    | ​ |  1 | ​ | ​ |
| PROSPECTUS SUMMARY                                                     | ​ | ​ | ​    | ​ |  3 | ​ | ​ |
| THE OFFERING                                                           | ​ | ​ | ​    | ​ |  6 | ​ | ​ |
| RISK FACTORS                                                           | ​ | ​ | ​    | ​ |  9 | ​ | ​ |
|