Company: HSDTW
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001104659-25-066159
Chunk: 5

Company: Solana Co
Filing Date: 2025-07-07
Form: 424B5
Chunk 5
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-50, which became effective on July 1, 2025 (the “Reverse Stock Split”). All numbers herein have been adjusted to reflect this reverse stock split.

#### Public Offering
On June 6, 2025, we completed the issuance and sale of an aggregate of 55,372 shares of Common Stock (or common stock equivalents) and accompanying common warrants to purchase up to 55,372 shares of Common Stock (the “Common Warrants”), at a public offering price of $163.50 per share of Common Stock and accompanying common warrants (the “Public Offering”). We also issued warrants to the placement agent to purchase 2,769 shares of common stock on the same terms as the Common Warrants (together with the Common Warrants, the “2025 Warrants”). The Common Warrants have an exercise price of $367.875 per share, are immediately exercisable upon issuance and will expire two and one-half (2.5) years after the original issuance date. Following the issue date of the Common Warrants, a holder of the Common Warrants has the right to receive, without payment of any additional cash to the Company, an aggregate number of shares equal to the product of (x) the aggregate number of shares of common stock that would be issuable upon a cash exercise of the common warrant and (y) two. In addition, at 4:01 p.m. Eastern time on the 5th trading day after the date of issuance (the “First Reset Date”), the exercise price of the Common Warrants reset to $79.25 per share, and on the 10th calendar day after the date of issuance, the exercise price of the Common Warrants reset to $47.55 per share. Under the terms of the Common Warrants, following the price resets the number of shares of Common Stock issuable upon exercise of the Common Warrants was

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increased such that the aggregate exercise price of the Common Warrant remained unchanged. In connection with the 2025 warrants issued in the Public Offering, an aggregate of 611,564 shares of common stock were issued as of June 30, 2025.

#### Reimbursement Coverage
On June 11, 2025, we announced that we had negotiated an authorized claim for payment for the PoNS Device from Aetna Healthcare at an out-of-network price of $18,350 for individuals with multiple sclerosis.

On June