Company: HSDTW
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001104659-25-052494
Chunk: 42

Company: Solana Co
Filing Date: 2025-05-23
Form: S-1
Chunk 42
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 shares of common stock and/or pre-funded warrants

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TABLE OF CONTENTS

being sold in this offering. The Placement Agent Warrants will be substantially similar to the common warrants issued hereunder. See the form of Placement Agent Warrant filed as an exhibit to the registration statement of which this prospectus forms a part for a complete description of the terms. The Placement Agent Warrants and the shares of common stock underlying the warrants are being registered on the registration statement of which this prospectus is a part.

If all of the Placement Agent’s Warrants are exercised on a zero cash basis at the floor price, an aggregate of 2,586,194 shares would be issued upon such zero cash exercise without payment to the Company of any additional cash.

#### Lock-Up Agreements
Our officers, directors and certain stockholders, have agreed to a 90-day “lock-up” with respect to the Company’s common stock and other of our securities such parties beneficially own, including securities that are convertible into common stock and securities that are exchangeable or exercisable for common stock, subject to certain exceptions. This means that, subject to certain exceptions, for a period of 90 days following the date of the securities purchase agreement, such persons may not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by such persons or any of their affiliates), directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to, any such securities without the prior written consent of Maxim.

In addition, subject to certain exceptions, we have agreed, (i) for a period of 90 days following the date of the closing of the offering, not to, and to cause our subsidiaries not to, issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of common stock or any securities that are convertible into, or exchangeable or exercisable for, common stock and (ii) for a period of 90 days following the date of the closing of the offering, not to, and to cause our subsidiaries not to, issue any securities that are subject to a price reset based on the trading prices of our common stock or upon a specified or contingent event in the future, or enter into any agreement