Company: HSDTW
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001104659-25-066159
Chunk: 17

Company: Solana Co
Filing Date: 2025-07-07
Form: 424B5
Chunk 17
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 Agent as principal, we will enter into a separate terms agreement with the Agent and we will describe the terms in the agreement in a separate prospectus supplement or pricing supplement.

In connection with the sale of the common stock on our behalf, the Agent may be deemed to be an underwriter within the meaning of the Securities Act, and its compensation as sales agent may be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to the Agent against certain civil liabilities, including liabilities under the Securities Act.

The offering pursuant to the Sales Agreement will terminate upon the earlier of the issuance and sale of all shares of our common stock subject to the Sales Agreement; and the termination of the Sales Agreement as permitted therein. We and each Agent may each terminate the Sales Agreement at any time upon five trading days’ prior written notice.

The Agent and its affiliates may in the future provide various investment banking and other financial services for us and our affiliates, for which services it may in the future receive customary fees.

To the extent required by Regulation M, the Agent will not engage in any market making activities involving our common stock while the offering is ongoing pursuant to this prospectus supplement and the accompanying prospectus.

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The Agent and/or its affiliates have provided, and may in the future provide, various investment banking and other financial services for us for which services it has received and, may in the future receive, customary fees. In the course of its business, the Agent may trade our securities for its own account or for the accounts of customers, and, accordingly, the Agent may at any time hold long or short positions in such securities.

This summary of the material provisions of the Sales Agreement does not purport to be a complete statement of its terms and conditions. A copy of the Sales Agreement has been filed as an exhibit to a Current Report on Form 8-K filed with the SEC and is incorporated by reference in this prospectus.

The prospectus in electronic format may be made available on websites maintained by the Agent, and the Agent may distribute this prospectus supplement and the accompanying prospectus electronically.

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### LEGAL MATTERS
The validity of the common stock offered hereby will be passed upon for us by Honigman LLP. Ellenoff Grossman & Schole LLP is acting as counsel to the Agent in connection with this offering.

### EXPERTS
The consolidated financial statements of the Company