Company: HSDTW
Filing Date: 2025-05-23
Form Type: 8-K
Source: 0001558370-25-008132
Chunk: 0

Company: Solana Co
Filing Date: 2025-05-23
Form: 8-K
Item: Item 5.07
Chunk 0
---
Item 5.07

Submission of Matters to a Vote of Security Holders.

At the special meeting of stockholders of the Company held on May 23, 2025 (the “ Special Meeting”), the Company’s stockholders: (i) approved the Reverse Stock Split; (ii) approved an increase in the number of authorized shares of Common Stock to up to 800,000,000 shares; (iii) approved, pursuant to Nasdaq listing rules, the issuance of up to 148,621,326 shares of the Company’s common stock in a potential financing; (iv) approved an amendment to the Helius Medical Technologies, Inc. 2022 Equity Incentive Plan; and (v) approved authorization of one or more adjournments to the Special Meeting to solicit additional proxies in the event there were insufficient votes to approve Proposal 1, 2, 3 or 4 described above. The numbers reported below are based on outstanding shares of the Company’s Common Stock as of April 25, 2025, the record date of the Special Meeting, and, as such, have not been adjusted to reflect the reverse stock split of the Company’s Common Stock effected on May 2, 2025.

Proposal 1: Approval of an amendment to the Company’s Certificate of Incorporation to effect a reverse split of the Company’s outstanding Class A common stock at a ratio of 1-to-2 to 1-to-250 to be determined at the discretion of the Company’s Board of Directors, whereby each outstanding 2 to 250 shares would be combined, converted and changed into 1 share of the Company’s Class A common stock, to enable the Company to comply with the Nasdaq Stock Market’s continued listing requirements (the “ Reverse Stock Split”):

  Votes For      Votes Against      Abstain         Broker  
                                                            
                                                 Non-Votes  
 ────────────────────────────────────────────────────────────
  4,126,134            262,889        6,797              0  

Proposal 2: Approval of an amendment to our Certificate of Incorporation, to increase the number of authorized shares of our Common Stock to up to 800,000,000 shares, with such number to be determined at the Board’s discretion:

  Votes For      Votes Against      Abstain         Broker  
                                                            
                                                 Non-Votes  
 ────────────────────────────────────────────────────────────
  4,204,034            154,412       37