Company: HSDTW
Filing Date: 2025-06-06
Form Type: 424B4
Source: 0001104659-25-056970
Chunk: 42

Company: Solana Co
Filing Date: 2025-06-06
Form: 424B4
Chunk 42
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 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 shares of Common Stock entitled to vote in any election of directors can elect all of the directors standing for election, if they should so choose.

#### Dividends
Subject to preferences that may be applicable to any then-outstanding preferred stock, holders of our Common Stock are entitled to receive ratably those dividends, if any, as may be declared from time to time by the board of directors out of legally available funds.

#### Liquidation
In the event of our liquidation, dissolution or winding up, holders of our Common Stock will be entitled to share ratably in the net assets legally available for distribution to stockholders after the payment of all of our debts and other liabilities and the satisfaction of any liquidation preference granted to the holders of any then-outstanding shares of preferred stock.