Company: HSDTW
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001104659-25-035130
Chunk: 33

Company: Solana Co
Filing Date: 2025-04-15
Form: DRS
Chunk 33
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. SECTION 200.83
Fractional Shares. No fractional shares of common stock will be issued upon the exercise of the Representative Warrants. Rather, the number of shares of common stock to be issued will be rounded down to the nearest whole number.

Trading Market. There is no established trading market for the Representative Warrants, and we do not expect a market to develop. We do not intend to apply for a listing of the Representative Warrants on any securities exchange or other nationally recognized trading system. Without an active trading market, the liquidity of the Representative Warrants will be limited. The common stock issuable upon exercise of the Representative Warrants is currently listed on Nasdaq.

No Rights as a Stockholder. Except as otherwise provided in the Representative Warrants or by virtue of the holders’ ownership of shares of common stock, the holders of the Representative Warrants do not have the rights or privileges of holders of our shares of common stock, including any voting rights, until such Representative Warrant holders exercise their Representative Warrants.

Governing Law. The Representative Warrants are governed by New York law.

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TABLE OF CONTENTS CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO 17 C.F.R. SECTION 200.83

UNDERWRITING Maxim Group LLC (“Maxim” or the “underwriter”) is acting as the underwriter of this offering. We have entered into an underwriting agreement dated , 2025 with the underwriter (the “underwriting agreement”). Subject to the terms and conditions of the underwriting agreement, we have agreed to sell to the underwriter, and the underwriter has agreed to purchase, at the public offering price less the underwriting discounts and commissions set forth on the cover page of this prospectus, the following numbers of shares of our common stock, prefunded warrants and common warrants:

| Underwriters    | ​ | ​ | Number of Shares ofCommon Stock | ​ | ​ | Number of PrefundedWarrants | ​ | ​ | Number of CommonWarrants | ​ |
| Maxim Group LLC | ​ | ​ | ​                               | ​ | ​ | ​                           | ​ | ​ | ​                        | ​ |
| TOTAL           | ​ | ​ | ​                               | ​ | ​ | ​                           | ​ | ​ | ​                        | ​ |

The underwriter is committed to purchase all the shares of common stock, prefunded warrants and common warrants offered hereby if it purchases any securities. The obligations of the underwriter may be