Company: OSOL
Filing Date: 2025-10-22
Form Type: S-1
Source: 0001493152-25-018952
Chunk: 149

Company: Osprey Solana Trust
Filing Date: 2025-10-22
Form: S-1
Chunk 149
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 the Trust or makes any material change to the Trust’s basic investment policies or structure must be approved by the affirmative vote of Shareholders owning at least 50% of the outstanding Shares.

Termination of the Trust

The Trust will dissolve if any of the following events occur:

| ● | a                                                                                                                                         
 U.S. federal or state regulator requires the Trust to shut down or forces the Trust to liquidate its SOL or seizes, impounds or otherwise 
 restricts access to Trust assets;                                                                                                         |

| ● | The                                                                                                                                           
 Trust is determined to be a “money service business” under the regulations promulgated by FinCEN under the authority                          
 of the U.S. Bank Secrecy Act and is required to comply with certain FinCEN regulations thereunder, and the Sponsor has made the determination 
 that dissolution of the Trust is advisable;                                                                                                   |

| ● | the                                                                                                                                      
 Trust is required to obtain a license or make a registration under any state law regulating money transmitters, money services business, 
 providers of prepaid or stored value, virtual currency business or similar entities, and the Sponsor has made the determination that     
 dissolution of the Trust is advisable;                                                                                                   |

| ● | any                                                                                                                         
 ongoing event exists that either prevents the Trust from making or makes impractical the Trust’s reasonable efforts to make 
 a fair determination of the SOL Market Price;                                                                               |

| ● | any                                                                                                                        
 ongoing event exists that either prevents the Trust from converting or makes impractical the Trust’s reasonable efforts to 
 convert SOL to U.S. dollars;                                                                                               |

| ● | the                                                                                                                                       
 filing of a certificate of dissolution or revocation of the Sponsor’s charter (and the expiration of 90 days after the date               
 of notice to the Sponsor of revocation without a reinstatement of its charter) or upon the withdrawal, removal, adjudication or admission 
 of bankruptcy or insolvency of the Sponsor, or an event of withdrawal (each of the foregoing events an “Event of Withdrawal”)             
 unless at the time there is at least one remaining Sponsor; or                                                                            |

| ● | the                                                      
 SOL Custodian resigns or is removed without replacement. |

The Sponsor may, in its sole discretion, dissolve the Trust if any of the following events occur:

| ● | the                                                                                                                        
 SEC determines that the Trust is an investment company required to be registered under the Investment Company Act of 1940; |

| ● | the                                                               
 CFTC determines that the Trust is a commodity pool under the