Solana increases ATM offering capacity from $92.8M to $250.0M via amended sales agreement

Solana Co

Amended Sales Agreement with Clear Street and Maxim raises max aggregate gross proceeds from $92.8M to $250.0M.
As of May 29, 2026, $24.66M in shares already sold under prior agreement for $92.8M facility.
Agents receive up to 3.00% commission on gross proceeds; sales may be made through at-the-market offerings.
Prospectus supplement filed reflecting the increased offering limit; Cooley LLP legal opinion included as Exhibit 5.1.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Solana Co entered into Amended and Restated Sales Agreement with Clear Street LLC and Maxim Group LLC valued at increase the aggregate gross sales price of Shares that may be offered and sold from time to time fr (effective 2026-05-29).

Action: entry
Agreement: atm program
Counterparty: Clear Street LLC and Maxim Group LLC
Value: increase the aggregate gross sales price of Shares that may be offered and sold from time to time fr
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, Solana Company (the “Company”) entered into an Amended and Restated Sales Agreement (the “Sales Agreement”) with Clear Street LLC (“Clear Street”) and Maxim Group LLC (“Maxim”) (each, an “Agent,” and, together, the “Agents”), as co-sales agents, pursuant to which the Company may offer and sell shares of the Company’s Class A common stock, par value $0.001 per share (the “Shares”) from time to time in connection with its existing “at-the-market” offering of Shares (the “Offering”).

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Solana Co filing history →

Source: SEC EDGAR

accession 0001104659-26-068370

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