Solana Company prices $15M registered direct offering at $3.433/share, a 5% premium to NAV

Solana Co

Sold 4,369,356 Class A shares at $3.433 each (5% premium to NAV per share) plus warrants for 4,369,356 shares at $3.776, a 10% premium to NAV.
Gross proceeds ~$15M; net ~$14.3M after Clear Street's 4.0% placement agent fee; closing expected on or about October 1, 2026.
Warrants exercisable on issuance and expiring 5.5 years later, with a 4.99% beneficial-ownership blocker adjustable to 9.99% on 61 days' notice.
As of September 24, 2026 the company held 2.3 million SOL plus $2.3M in cash/stablecoins, a total NAV of $278M at a SOL price of $119.
Proceeds earmarked to grow Solana per share, including stock buybacks under its authorized program and opportunistic SOL purchases, plus working capital and expansion.

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