Company: HSDTW
Filing Date: 2025-09-22
Form Type: S-3ASR
Source: 0001104659-25-091789
Chunk: 3

Company: Solana Co
Filing Date: 2025-09-22
Form: S-3ASR
Chunk 3
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 | ​ | ​ | ​ |  8 | ​ | ​ |
| ​ | DESCRIPTION OF CAPITAL STOCK                                    | ​ | ​ | ​ | ​ |  9 | ​ | ​ |
| ​ | DESCRIPTION OF DEBT SECURITIES                                  | ​ | ​ | ​ | ​ | 13 | ​ | ​ |
| ​ | DESCRIPTION OF OTHER SECURITIES                                 | ​ | ​ | ​ | ​ | 20 | ​ | ​ |
| ​ | GLOBAL SECURITIES                                               | ​ | ​ | ​ | ​ | 21 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                                            | ​ | ​ | ​ | ​ | 24 | ​ | ​ |
| ​ | LEGAL MATTERS                                                   | ​ | ​ | ​ | ​ | 26 | ​ | ​ |
| ​ | EXPERTS                                                         | ​ | ​ | ​ | ​ | 26 | ​ | ​ |

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TABLE OF CONTENTS

### ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement that we filed with the U.S. Securities and Exchange Commission (the “SEC”), as a “well-known seasoned issuer” as defined in Rule 405 under the Securities Act of 1933, as amended (the “Securities Act”), using a “shelf” registration process. By using a shelf registration statement, we may sell securities from time to time and in one or more offerings as described in this prospectus. Each time that we offer and sell securities, we will provide a prospectus supplement to this prospectus that contains specific information about the securities being offered and sold and the specific terms of that offering. We may also authorize one or more free writing prospectuses to be provided to you that may contain material information relating to these offerings. The prospectus supplement or free writing prospectus may also add, update or change information contained in this prospectus with respect to that offering. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or free writing prospectus, you should rely on the prospectus supplement or free writing prospectus, as applicable. Before purchasing any securities, you should carefully read both this prospectus and the applicable prospectus supplement (and any applicable free writing prospectuses), together with the additional information described under the heading “Where You Can Find More Information; Incorporation by Reference.”

We have not authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus, any applicable prospectus supplement or