Company: HSDTW
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001558370-25-003007
Chunk: 58

Company: Solana Co
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 58
---
 with future awards under the Company’s 2022 Equity Incentive Plan and 2021 Inducement Plan would be reduced from 123,989 to between approximately 61,994 shares and 4,132 shares; |

| ● | the number of shares of the Company’s authorized Common Stock would remain unchanged at 150,000,000 shares; |

| ● | the 10,000,000 shares of the Company’s authorized preferred stock would remain unchanged; and |

| ● | the number of shares of the Company’s Common Stock that are authorized, but unissued and unreserved, would increase from 130,638,054 to between approximately 140,319,028 shares and 149,354,605 shares; and the par value of the Company’s Common Stock and preferred stock would remain unchanged at $0.001 per share, and, as a result, the stated capital attributable to Common Stock on the Company’s balance sheet would be reduced proportionately based on the reverse stock split ratio, the additional paid-in capital account would be credited with the amount by which the stated capital is reduced, and the per-share net income or loss and net book value of the Company’s Common Stock would be restated because there would be fewer shares of Common Stock outstanding. |

The following table contains approximate information relating to our Common Stock immediately following the reverse stock split under certain possible exchange ratios, based on share information as of March 12, 2025. All share numbers are rounded down to the

35

nearest whole share but otherwise do not reflect the potential effect of rounding down for fractional shares that may result from the reverse stock split.

| ​                                                                                                                                                               | ​ |           ​ | ​ |           ​ | ​ |           ​ |
| ​                                                                                                                                                               |   | Pre-Reverse |   |           ​ |   |           ​ |
| ​                                                                                                                                                               |   |       Split |   |     1-for-2 |   |    1-for-30 |
| Number of authorized shares of Common Stock                                                                                                                     |   | 150,000,000 |   | 150,000,000 |   | 150,000,000 |
| Number of outstanding shares of Common Stock                                                                                                                    |   |   6,126,778 |   |   3,063,389 |   |     204,225 |
| Number of shares of Common stock pending issuance from warrant exercises                                                                                        | ​ |   2,678,000 | ​ |   1,339,