Company: HSDTW
Filing Date: 2025-09-15
Form Type: 8-K
Source: 0001104659-25-089774
Chunk: 7

Company: Solana Co
Filing Date: 2025-09-15
Form: 8-K
Item: Item 3.02
Chunk 7
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Item 3.02 Unregistered Sales of Equity Securities

The disclosure required by this Item is included
in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference. Based in part upon the representations of
the Purchasers in the Purchase Agreement, the offering and sale of the Shares, the Pre-Funded Warrant Shares, the Stapled Warrants and
the Stapled Warrant Shares, will be exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended
and/or Rule 506(b) of Regulation D promulgated thereunder, and applicable state securities laws.

Item 7.01. Regulation FD Disclosure.

Press Release on Announcing the Offering

On September 15, 2025, the Company issued
a press release announcing the signing of the Purchase Agreements and pricing of the Offerings and estimated aggregate gross proceeds
of approximately $500 million in cash, before deducting placement agent fees and other offering expenses, to implement a SOL treasury
strategy. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein
by reference.

Investor Presentation

In connection with the Offerings, the Company
delivered an investor presentation to potential investors on a confidential basis, a copy of which is furnished as Exhibit 99.2 to
this Current Report on Form 8-K.

The information under this Item 7.01, including
Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, (the “ Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to
be incorporated by reference into the filings of the Company under the Securities Act or the Exchange Act, except as shall be expressly
set forth by specific reference in such filing.

Forward-Looking Statements

This Current Report contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected settlement of
the Offerings, the Company’s existing operations and the implementation of a SOL treasury strategy. Forward-looking statements are
subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered
as an indication of future performance. Important factors that may affect actual results or outcomes include, but are