Solana Co expands at-the-market equity offering to $250M from $92.8M

Filed May 29, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  Company increased its ATM offering capacity by 169% to $250 million, enabling significantly more share sales into the market. Only $24.7 million had been raised under the prior $92.8M program since September 2025.

  Item 1.01 verify on EDGAR →
• medium

  Amended sales agreement with Clear Street and Maxim Group allows the company to sell shares at its discretion over time, with agents receiving up to 3% commission on gross proceeds from each sale.

  Item 1.01 verify on EDGAR →
• medium

  Prior ATM program utilized approximately 27% of capacity ($24.7M of $92.8M) before expansion, suggesting measured use of equity financing to date.

  Item 1.01 verify on EDGAR →