Company: HSDTW
Filing Date: 2025-01-31
Form Type: S-3
Source: 0001104659-25-008126
Chunk: 12

Company: Solana Co
Filing Date: 2025-01-31
Form: S-3
Chunk 12
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 ​ | ​ | ​ | ​                                                        | ​ |   325,000 | ​ | ​ | ​ | ​                                                                   | ​ |   306,424 | ​ | ​ | ​ | ​                                                        | ​ | 2.58% | ​ | ​ |

* Less than 1% (1) Consists of: (i) 108,010 shares of our common stock and 3,130,556 shares which are held by us in abeyance for the benefit of the Selling Stockholder, and (ii) 4,444,445 shares of our common stock (underlying the Inducement Warrants) being offered by this prospectus. The securities are directly held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company (the “Master Fund”), and may be deemed to be beneficially owned by: (i) Armistice Capital, LLC (“Armistice Capital”), as the investment manager of the Master Fund; and (ii) Steven Boyd, as the Managing Member of Armistice Capital. The Inducement Warrants are subject to a beneficial ownership limitation of 9.99%, which limitation restricts the holder from exercising that portion of the warrants that would result in such holder and its affiliates owning, after exercise, a number of shares of common stock in excess of the

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beneficial ownership limitation. The address of Armistice Capital Master Fund Ltd. is c/o Armistice Capital, LLC, 510 Madison Avenue, 7th Floor, New York, NY 10022.

(2)

Consists of 555,555 shares of our common stock (underlying the Inducement Warrants) being offered by this prospectus. Michael Bigger, Managing Member of Bigger Capital Fund LP, has sole voting and dispositive power over the shares of our common stock held by, or issuable to, Bigger Capital Fund LP. The principal business address of Bigger Capital Fund LP is 11700 W Charleston Blvd 170-659, Las Vegas, NV 89135. Mr. Bigger disclaims beneficial ownership in such securities, except for his pecuniary interest therein.

(3)

Consists of 555,555 shares of our common stock (underlying the Inducement Warrants) being offered by this prospectus. Michael Bigger, Managing Member of the GP of District 2 Capital Fund LP, has sole voting and dispositive power over the shares of our common