Company: HSDTW
Filing Date: 2025-06-06
Form Type: 424B4
Source: 0001104659-25-056970
Chunk: 8

Company: Solana Co
Filing Date: 2025-06-06
Form: 424B4
Chunk 8
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 financing; (iv) approved an amendment to the Helius Medical Technologies, Inc. 2022 Equity Incentive Plan to increase the number of shares available under the plan following this offering and the total dilution associated with this offering; and (v) approved authorization of one or more adjournments to the Special Meeting to solicit additional proxies in the event there were insufficient votes to approve any of the other proposals (collectively, the “Special Meeting Stockholder Approvals”).

#### Reverse Stock Split
On April 21, 2025, the stockholders of the Company approved a potential reverse stock split in a ratio of 1-to-2 to 1-to-30. The Board subsequently approved a reverse stock split of 1-for-15, which became effective on May 2, 2025. All numbers herein have been adjusted to reflect this reverse stock split.

#### Private Placement
On April 24, 2025, the Company entered into a securities purchase agreement (the “PIPE Purchase Agreement”) with certain investors (the “Purchasers”) pursuant to which the Company sold, in a private

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placement (the “April 2025 Private Placement”), unsecured 20% original issue discount promissory notes with an aggregate principal amount of $1,560,000 (the “Notes”) with a maturity date of the earlier of (a) July 24, 2025, and (b) the closing date of the Company’s next registered offering of securities on Form S-1. The PIPE Purchase Agreement also provided for the issuance of an aggregate of 88,010 shares of common stock of the Company to the Purchasers. The transaction closed on April 25, 2025.

#### Warrant Inducement
On January 21, 2025, we entered into warrant exercise inducement offer letters (the “Inducement Letters”) with certain holders (the “Holders”) of our then-existing Series A warrants and Series B warrants to purchase shares of the Company’s Class A common stock (the “Public Warrants”), pursuant to which the Holders agreed to exercise for cash their Public Warrants to purchase an aggregate of 331,407 shares of our common stock, in the aggregate, at a reduced exercise price of $11.265 per share, in exchange for our agreement to issue new Series C Warrants and Series D Warrants (the “Inducement Warrants”) on substantially the