Company: HSDTW
Filing Date: 2025-03-25
Form Type: S-3/A
Source: 0001104659-25-027793
Chunk: 13

Company: Solana Co
Filing Date: 2025-03-25
Form: S-3/A
Chunk 13
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 shared voting control and investment discretion over the securities reported herein that are held by Intracoastal. As a result, each of Mr. Kopin and Mr. Asher may be deemed to have beneficial ownership (as determined under Section 13(d) of the Exchange Act) of the securities reported herein that are held by Intracoastal. The address for Intracoastal is 245 Palm Trail, Delray Beach, FL 33483.

(5)

Consists of: (i) 306,424 shares of our common stock and (ii) 325,000 shares of our common stock (underlying the Inducement Warrants) being offered by this prospectus. The address for Porter Partners, L.P. is 300 Drakes Landing Road, Suite 171, Greenbrae, CA 94904.

Material Relationships with the Selling Stockholders

Below is a description of material relationships in the past three years between the Company, its predecessors or affiliates and the selling stockholders.

#### 2024 Public Offering
On May 6, 2024, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Craig-Hallum Capital Group LLC (the “Placement Agent”) for the purchase and sale, in a registered public offering by the Company (the “2024 Public Offering”) of 704,999 shares of common stock and 2,147,222 pre-funded warrants, each to purchase one share of common stock at an exercise price of $0.001 per share (the “Pre-funded Warrants”) together with accompanying Series A Warrants to purchase up to 2,852,221 shares of its common stock and Series B Warrants to purchase up to 2,852,221 shares of its common stock. The public offering price per share of common stock and accompanying Series A Warrants and Series B Warrants is $2.25, the public offering price per Pre-Funded Warrant and accompanying Series A Warrants and Series B Warrants is $2.249, resulting in gross proceeds to the Company of approximately $6.4 million before deducting the Placement Agent’s fees and other estimated offering expenses. The 2024 Public Offering closed on May 9, 2024. Each of the selling stockholders participated in the 2024 Public Offering.

#### Warrant Exercise
On January 21, 2025, the Company entered into warrant exercise Inducement Letters with each of the selling stockholders, pursuant to which the selling stock