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Solana Co

For the period ended Sep 30, 2025. Filed Nov 18, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 18, 2025

HSDT$1.92-0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

INDEX

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Part I.Financial Information​
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Item 1.Condensed Consolidated Financial Statements3
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​Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 20243
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​Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and nine months ended September 30, 2025 and 20244
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​Unaudited Condensed Consolidated Statements of Stockholders’ (Deficit) Equity for the three and nine months ended September 30, 2025 and 20245
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​Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 20247
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​Notes to Unaudited Condensed Consolidated Financial Statements8
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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23
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Item 3.Quantitative and Qualitative Disclosures About Market Risk37
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Item 4.Controls and Procedures37
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Part II.Other Information37
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Item 1.Legal Proceedings37
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Item 1A.Risk Factors37
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Item 2.Unregistered Sales of Equity Securities and Use of Proceeds48
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Item 3.Defaults Upon Senior Securities48
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Item 4.Mine Safety Disclosures48
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Item 5.Other Information48
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Item 6.Exhibits49
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Signatures​51
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.