Company: HSDTW
Filing Date: 2025-06-06
Form Type: 424B4
Source: 0001104659-25-056970
Chunk: 3

Company: Solana Co
Filing Date: 2025-06-06
Form: 424B4
Chunk 3
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.” On June 4, 2025, the last reported sale price of our common stock on Nasdaq was $3.27 per share. There is no established trading market for the pre-funded warrants or common warrants, and we do not expect a market to develop. We do not intend to apply for a listing of the pre-funded warrants or common warrants on any securities exchange or other nationally recognized trading system. Without an active trading market, the liquidity of such securities will be limited.

We have engaged Maxim Group LLC as our exclusive placement agent (“Maxim” or the “placement agent”) to use its reasonable best efforts to solicit offers to purchase our securities in this offering. The placement agent has no obligation to purchase any of the securities from us or to arrange for the purchase or sale of any specific number or dollar amount of the securities. Because there is no minimum offering amount required as a condition to closing in this offering the actual public amount, placement agent’s fee, and proceeds to us, if any, are not presently determinable and may be substantially less than the total maximum offering amounts set forth above and throughout this prospectus. We have agreed to pay the placement agent the placement agent fees set forth in the table below and to provide certain other compensation to the placement agent. See “Plan of Distribution” beginning on page 25 of this prospectus for more information regarding these arrangements.

TABLE OF CONTENTS

| ​                                | ​ | ​ | Per Share andAccompanyingCommon Warrant |   |       |   | ​ | ​ | Per Pre-FundedWarrant andAccompanyingCommon Warrant |   |       |   | ​ | ​ | Total |   |           |   | ​ |
|:---------------------------------|:--|:--|:----------------------------------------|:--|------:|:--|:--|:--|:----------------------------------------------------|:--|------:|:--|:--|:--|:------|:--|----------:|:--|:--|
| Public offering price            | ​ | ​ | ​                                       | $ |  3.27 | ​ | ​ | ​ | ​                                                   | $ | 3.269 | ​ | ​ | ​ | ​     | $ | 9,053,322 | ​ | ​ |
| Placement Agent Fees(1)          | ​ | ​ | ​                                       | $ | 0.229 | ​ | ​ | ​ | ​                                                   | $ | 0.229 | ​ |