Solana Company: Amended and Restated Sales Agreement for At-the-Market Offering

Solana Company has entered into an Amended and Restated Sales Agreement with Clear Street LLC and Maxim Group LLC, expanding its at-the-market (ATM) offering. The agreement, effective May 29, 2026, increases the aggregate gross sales price of common stock that can be offered from $92.8 million to $250 million. This amendment allows for the offering and sale of shares under a new prospectus supplement and registration statement, superseding the prior agreement and prospectus. The company has already sold approximately $24.6 million in shares under the previous terms. The Agents will offer the shares through customary methods for ATM offerings, with commissions capped at 3% and customary indemnification. The company has also agreed to reimburse legal expenses up to $75,000. The agreement details representations and warranties from Solana Company regarding its financial status, legal compliance, and the validity of the shares being offered.