Company: HSDTW
Filing Date: 2025-06-06
Form Type: 424B4
Source: 0001104659-25-056970
Chunk: 38

Company: Solana Co
Filing Date: 2025-06-06
Form: 424B4
Chunk 38
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 securities we are offering.

| ​                                | ​ | ​ | Per Share andAccompanyingCommon Warrant |   |       |   | ​ | ​ | Per Pre-FundedWarrant andAccompanyingCommon Warrant |   |       |   | ​ | ​ | Total |   |           |   | ​ |
|:---------------------------------|:--|:--|:----------------------------------------|:--|------:|:--|:--|:--|:----------------------------------------------------|:--|------:|:--|:--|:--|:------|:--|----------:|:--|:--|
| Public offering price            | ​ | ​ | ​                                       | $ |  3.27 | ​ | ​ | ​ | ​                                                   | $ | 3.269 | ​ | ​ | ​ | ​     | $ | 9,053,322 | ​ | ​ |
| Placement agent fees             | ​ | ​ | ​                                       | $ | 0.229 | ​ | ​ | ​ | ​                                                   | $ | 0.229 | ​ | ​ | ​ | ​     | $ |   633,733 | ​ | ​ |
| Proceeds to us (before expenses) | ​ | ​ | ​                                       | $ | 3.041 | ​ | ​ | ​ | ​                                                   | $ |  3.04 | ​ | ​ | ​ | ​     | $ | 8,419,589 | ​ | ​ |

Placement Agent Warrants We have agreed to issue to Maxim (or its permitted assignees) warrants to purchase a number of shares of common stock equal to 5.0% of the total number of shares of common stock and/or pre-funded warrants being sold in this offering. The Placement Agent Warrants will be substantially similar to the common

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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 2,141,952 shares would be issued upon such zero cash exercise without payment to the Company of any additional cash.

#### Lock-Up Agreements
Our officers