Company: HSDTW
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001104659-25-052494
Chunk: 7

Company: Solana Co
Filing Date: 2025-05-23
Form: S-1
Chunk 7
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 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA | ​ | ​ | ​    | ​ | 13 | ​ | ​ |
| USE OF PROCEEDS                                                        | ​ | ​ | ​    | ​ | 14 | ​ | ​ |
| CAPITALIZATION                                                         | ​ | ​ | ​    | ​ | 15 | ​ | ​ |
| DILUTION                                                               | ​ | ​ | ​    | ​ | 16 | ​ | ​ |
| DESCRIPTION OF SECURITIES WE ARE OFFERING                              | ​ | ​ | ​    | ​ | 18 | ​ | ​ |
| PLAN OF DISTRIBUTION                                                   | ​ | ​ | ​    | ​ | 23 | ​ | ​ |
| DESCRIPTION OF CAPITAL STOCK                                           | ​ | ​ | ​    | ​ | 26 | ​ | ​ |
| LEGAL MATTERS                                                          | ​ | ​ | ​    | ​ | 38 | ​ | ​ |
| EXPERTS                                                                | ​ | ​ | ​    | ​ | 38 | ​ | ​ |
| WHERE YOU CAN FIND MORE INFORMATION                                    | ​ | ​ | ​    | ​ | 39 | ​ | ​ |
| INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE                        | ​ | ​ | ​    | ​ | 39 | ​ | ​ |

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TABLE OF CONTENTS

### ABOUT THIS PROSPECTUS
We incorporate by reference important information into this prospectus. You may obtain the information incorporated by reference without charge by following the instructions under “Information Incorporated by Reference.” You should carefully read this prospectus, as well as additional information described under “Information Incorporated by Reference,” before deciding to invest in our securities.

Neither we nor the placement agent have authorized anyone to provide you with additional information or information different from that contained or incorporated by reference in this prospectus or in any free writing prospectus that we have authorized for use in connection with this offering. We take no responsibility for and cannot provide any assurance as to the reliability of, any other information that others may give you. This prospectus does not constitute an offer to sell to any person, or a solicitation of an offer to purchase from any person, the securities offered by this prospectus in any jurisdiction in which it is unlawful to make such offer or solicitation of an offer.

The placement agent is offering to sell, and seeking offers to buy, our securities only in jurisdictions where offers and sales are permitted. The information contained in this prospectus