Company: HSDTW
Filing Date: 2025-09-15
Form Type: 8-K
Source: 0001104659-25-089774
Chunk: 4

Company: Solana Co
Filing Date: 2025-09-15
Form: 8-K
Item: Item 1.01
Chunk 4
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 Warrants, the Cryptocurrency Stapled Warrants, the Cash Purchase Agreement,
the Cryptocurrency Purchase Agreement and the PIPE Lock-Up Agreement, do not purport to be complete and are qualified in their entirety
by reference to the complete text of those agreements, which are attached hereto as Exhibits 4.1, 4.2, 4.3, 4.4, and 10.1, 10.2 and 10.3,
respectively, to this Current Report on Form 8-K (this “ Current Report”) and are hereby incorporated by reference
into this Item 1.01.

Advisory Agreements

On September 15, 2025, the Company entered
into a Strategic Advisor Agreement (the “ Strategic Advisor Agreement”) with Pantera Capital Management LP, a Delaware
limited partnership (“ Pantera”) and Summer Wisdom Holdings Limited (“ Summer” and with Pantera, the
“Advisors”), pursuant to which the Company engaged each of Pantera and Summer to provide strategic advice and guidance
relating to the Company’s business, operations, growth initiatives and industry trends in the crypto technology sector for an initial
term of two (2) years, which term automatically renews for successive periods of one (1) year each. Either the Company or the
Advisors may terminate the Strategic Advisor Agreement upon written notice of a material breach by the other party that has not been cured
within thirty (30) days’ of receipt of the written notice. Pursuant to the terms of the Strategic Advisor Agreement, the Company
issued (i) to Pantera, the Strategic Advisor warrants (the “ Strategic Advisor Warrants”) to purchase shares of
the Company’s Common Stock (the “ Strategic Advisor Base Warrant Shares”) equal to 7% of the aggregate
number of shares of Cash Shares and the Pre-Funded Warrant Shares and (ii) to Summer, Strategic Advisor Warrants to purchase shares
of the Company’s Common Stock equal to 3% of the aggregate number of shares of Cash Shares and the Pre-Funded Warrant Shares.
Upon the exercise of each Stapled Warrant, each of Pantera and Summer shall receive an additional grant of Strategic Advisor Warrants
to purchase an amount of shares of Common Stock equal to their respective portion of 5% of the Stapled Warrant Shares underlying such
exercised Stapled Warrant (such shares of Common Stock underlying the Strategic Advisor Warrants, the “ Strategic Advisor Performance
Shares