Company: HSDTW
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001104659-25-052494
Chunk: 45

Company: Solana Co
Filing Date: 2025-05-23
Form: S-1
Chunk 45
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 or possession or distribution of this prospectus or any other offering or publicity material relating to the securities in any country or jurisdiction (other than the United States) where any such action for that purpose is required. Accordingly, the placement agent has undertaken that it will not, directly or indirectly, offer or sell any securities or have in its possession, distribute or publish any prospectus, form of application, advertisement or other document or information in any country or jurisdiction except under circumstances that will, to the best of its knowledge and belief, result in compliance with any applicable laws and regulations and all offers and sales of securities by it will be made on the same terms.

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TABLE OF CONTENTS

### DESCRIPTION OF CAPITAL STOCK
The following description of our capital stock and provisions of our Certificate of Incorporation and Second Amended and Restated Bylaws are summaries. You should also refer to the Certificate of Incorporation and the Second Amended and Restated Bylaws, which are filed as exhibits to the registration statement of which this prospectus is a part.

#### General
Our Certificate of Incorporation authorizes us to issue up to 150,000,000 shares of Common Stock and 10,000,000 shares of preferred stock, par value $0.001 per share, all of which shares of preferred stock are currently undesignated. Our board of directors may establish the rights and preferences of the preferred stock from time to time. At the special meeting of stockholders held on May 23, 2025, the Company’s stockholders approved an increase in the authorized shares of Common Stock under our charter to 800,000,000. Our board of directors may choose to file an amendment to our Certificate of Incorporation to increase the number of shares of Common Stock authorized to be issued to 800,000,000.

As of March 31, 2025, there were (i) 408,406 shares of Common Stock outstanding; (ii) no outstanding shares of preferred stock; (iii) 181,971 shares of Common Stock issuable upon the exercise of outstanding stock options; and (iv) 513,402 shares of Common Stock issuable upon the exercise of outstanding warrants.

#### Common Stock

#### Voting
Each holder of our Common Stock is entitled to one vote for each share on all matters submitted to a vote of the stockholders, including the election of directors. Our stockholders do not have cumulative voting rights. Because of this, the holders of a majority of the