Company: HSDTW
Filing Date: 2025-04-22
Form Type: PRE 14A
Source: 0001104659-25-037535
Chunk: 13

Company: Solana Co
Filing Date: 2025-04-22
Form: PRE 14A
Chunk 13
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996 to between approximately 140,319,999 shares and 149,922,562 shares; and the par value of the Company’s Common Stock and preferred stock would remain unchanged at $0.001 per share, and, as a result, the stated capital attributable to Common Stock on the Company’s balance sheet would be reduced proportionately based on the reverse stock split ratio, the additional paid-in capital account would be credited with the amount by which the stated capital is reduced, and the per-share net income or loss and net book value of the Company’s Common Stock would be restated because there would be fewer shares of Common Stock outstanding

The following table contains approximate information relating to our Common Stock immediately following the reverse stock split under certain possible exchange ratios, based on share information as of March 31, 2025. The table, which does not take into account an increase in the authorized shares to up to 800,000,000 pursuant to Proposal 1 or the Board’s authority to effect a reverse stock split without stockholder approval if the reduction in the number of issued and outstanding shares of Common Stock is coupled with a corresponding decrease in the number of authorized shares of Common Stock, below illustrates the number of shares of Common Stock authorized for issuance following the Reverse Split, the approximate number of shares of Common Stock that would remain outstanding following the Reverse Split, and the number of unreserved shares of Common Stock available for future issuance following the Reverse Split. All share numbers are rounded down to the nearest whole share but otherwise do not reflect the potential effect of rounding down for fractional shares that may result from the reverse stock split.

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TABLE OF CONTENTS

| ​                                                                                                                                                               | ​ | ​ | Pre-ReverseSplit |   |             |   | ​ | ​ | 1-for-2 |   |             |   | ​ | ​ | 1-for-250 |   |             |   | ​ |
| Number of authorized shares of Common Stock                                                                                                                     | ​ | ​ | ​                | ​ | 150,000,000 | ​ | ​ | ​ | ​       | ​ | 150,000,000 | ​ | ​ | ​ | ​         | ​ | 150,000,000 | ​ | ​ |
| Number of outstanding shares of Common Stock                                                                                                                    | ​ | ​ | ​                | ​ |   6,126,778 | ​ | ​ | ​ | ​       | ​ |   3,063,389 | ​ | ​