Company: HSDTW
Filing Date: 2025-06-06
Form Type: 424B4
Source: 0001104659-25-056970
Chunk: 39

Company: Solana Co
Filing Date: 2025-06-06
Form: 424B4
Chunk 39
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, 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 to issue securities at a future determined price. The foregoing restrictions may be waived by Maxim at its discretion, although Maxim has no present intention to waive or shorten any of such restrictive periods.

#### Other Compensation
In the event that any investor whom Maxim had contact with (either verbal or by e-mail) during the term of its engagement (unless terminated for cause) provides any capital to us, in a public or private offering or other financing or capital-raising transaction of any kind, within the six months following the closing of this offering, we will pay Maxim the cash and warrant compensation provided above, calculated in the same manner.

#### Electronic Offer, Sale and Distribution of Shares
A prospectus in electronic format may be made available on the website maintained by the placement agent or selling group members. The