Company: HSDTW
Filing Date: 2025-10-20
Form Type: S-3ASR
Source: 0001104659-25-100503
Chunk: 3

Company: Solana Co
Filing Date: 2025-10-20
Form: S-3ASR
Chunk 3
---
 shares of our Common Stock.

Our Common Stock is listed on Nasdaq under the symbol “HSDT.” On October 16, 2025, the last reported sale price of our Common Stock on Nasdaq was $10.11 per share.

The Selling Stockholders may offer all or part of the Securities for resale from time to time through public or private transactions, at either prevailing market prices or at privately negotiated prices.

This prospectus provides a general description of the securities being offered. You should read this prospectus and the registration statement of which it forms a part before you invest in any securities.

Investing in our Common Stock involves significant risks. See “Risk Factors” beginning on page 4of this prospectus and the risk factors that are incorporated by reference into this prospectus from our filings made with the Securities and Exchange Commission (the “SEC”) pursuant to the Exchange Act for a discussion of the factors you should carefully consider before deciding to invest in our Common Stock.

Neither the SEC nor any state securities commission has approved or disapproved of our Common Stock or determined if this prospectus is accurate, truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is October 17, 2025</div>

TABLE OF CONTENTS

TABLE OF CONTENTS

| ​ | ABOUT THIS PROSPECTUS                             | ​ | ​ | ​ | ​ |  ii | ​ | ​ |
| ​ | WHERE YOU CAN FIND MORE INFORMATION               | ​ | ​ | ​ | ​ | iii | ​ | ​ |
| ​ | FORWARD-LOOKING STATEMENTS                        | ​ | ​ | ​ | ​ |  iv | ​ | ​ |
| ​ | PROSPECTUS SUMMARY                                | ​ | ​ | ​ | ​ |   1 | ​ | ​ |
| ​ | RISK FACTORS                                      | ​ | ​ | ​ | ​ |   4 | ​ | ​ |
| ​ | USE OF PROCEEDS                                   | ​ | ​ | ​ | ​ |   6 | ​ | ​ |
| ​ | SELLING STOCKHOLDERS                              | ​ | ​ | ​ | ​ |   7 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                              | ​ | ​ | ​ | ​ |  16 | ​ | ​ |
| ​ | LEGAL MATTERS                                     | ​ | ​ | ​ | ​ |  18 | ​ | ​ |
| ​ | EXPERTS                                           | ​ |