Company: HSDTW
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001104659-25-035130
Chunk: 36

Company: Solana Co
Filing Date: 2025-04-15
Form: DRS
Chunk 36
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 cash settlement or otherwise) by such persons or any of their affiliates), directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to, any such securities without the prior written consent of Maxim.

In addition, subject to certain exceptions, we have agreed, (i) for a period of 90 days following the date of the closing of the offering, not to, and to cause our subsidiaries not to, issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of common stock or any securities that are convertible into, or exchangeable or exercisable for, common stock and (ii) for a period of 90 days following the date of the closing of the offering, not to, and to cause our subsidiaries not to, issue any securities that are subject to a price reset based on the trading prices of our common stock or upon a specified or contingent event in the future, or enter into any agreement to issue securities at a future determined price. The foregoing restrictions may be waived by Maxim at its discretion, although Maxim has no present intention to waive or shorten any of such restrictive periods.

#### Other Compensation
In the event that any investor whom Maxim had contact with (either verbal or by e-mail) during the term of its engagement (unless terminated for cause) provides any capital to us, in a public or private offering or other financing or capital-raising transaction of any kind, within the six months following the closing of this offering, we will pay Maxim the cash and warrant compensation provided above, calculated in the same manner.

#### Electronic Offer, Sale and Distribution of Shares
A prospectus in electronic format may be made available on the website maintained by the underwriter or selling group members. The underwriter may agree to allocate a number of securities to the selling group members for sale to its online brokerage account holders. Internet distributions will be allocated by the underwriter and selling group members that will make internet distributions on the same basis as other allocations. Other than the prospectus in electronic format, the information on these websites is not part of, nor incorporated by reference into, this prospectus or the registration statement of which this prospectus forms a part, has not been approved or endorsed by us, and should not be relied upon by investors.

#### Stabilization
The underwriter has advised us that it, pursuant to Regulation M under the Exchange Act, and certain persons participating in the offering may engage in