<SEC-DOCUMENT>0001104659-25-110338.txt : 20251112
<SEC-HEADER>0001104659-25-110338.hdr.sgml : 20251112
<ACCEPTANCE-DATETIME>20251112160514
ACCESSION NUMBER:		0001104659-25-110338
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250930
FILED AS OF DATE:		20251112
DATE AS OF CHANGE:		20251112
EFFECTIVENESS DATE:		20251112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Solana Co
		CENTRAL INDEX KEY:			0001610853
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				364787690
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38445
		FILM NUMBER:		251472591

	BUSINESS ADDRESS:	
		STREET 1:		642 NEWTOWN YARDLEY ROAD
		CITY:			NEWTOWN
		STATE:			PA
		ZIP:			18940
		BUSINESS PHONE:		215-944-6100

	MAIL ADDRESS:	
		STREET 1:		642 NEWTOWN YARDLEY ROAD
		CITY:			NEWTOWN
		STATE:			PA
		ZIP:			18940

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HELIUS MEDICAL TECHNOLOGIES, INC.
		DATE OF NAME CHANGE:	20180525

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HELIUS MEDICAL TECHNOLOGIES, INC
		DATE OF NAME CHANGE:	20180517

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HELIUS MEDICAL TECHNOLOGIES, INC.
		DATE OF NAME CHANGE:	20140613
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>tm2530846d1_nt10q.htm
<DESCRIPTION>NT 10-Q
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;12b-25</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTIFICATION OF LATE FILING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Commission File Number 001-42612</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 1.5in">CUSIP Number: G2868C 101</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt; text-align: right; width: 17%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(Check One): </I></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; width: 81%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Form&nbsp;10-K
 &nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Form&nbsp;20-F&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Form&nbsp;11-K&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;Form&nbsp;10-Q</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Form&nbsp;10-D&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Form&nbsp;N-CEN
<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Form N-CSR</P></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For Period Ended: September&nbsp;30, 2025</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transition Report on Form&nbsp;10-K</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transition Report on Form&nbsp;20-F</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transition Report on Form&nbsp;11-K</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transition Report on Form&nbsp;10-Q</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the Transition Period Ended:</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>

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  <TR>
    <TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-top: black 1.5pt solid; border-right: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.4pt 1.9pt 0.25pt 9.9pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-left: black 1.5pt solid; border-right: black 1.5pt solid; padding-top: 0.25pt; padding-right: 3.9pt; padding-left: 9.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1.5pt solid; border-bottom: black 1.5pt solid; border-left: black 1.5pt solid; padding: 0.25pt 3.9pt 0.4pt 9.9pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the notification relates to a portion of the filing checked above,
identify the Item(s)&nbsp;to which the notification relates: <U>N/A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;I &ndash; REGISTRANT INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><IMG SRC="tm2530846d1_nt10qimg001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SOLANA COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Full Name of Registrant</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Helius Medical Technologies,&nbsp;Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Former Name, if Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>642 Newtown Yardley Road,&nbsp;Suite&nbsp;100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Address of Principal Executive Office (Street and
Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Newtown, PA 18940</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">City, State and Zip Code</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;II &ndash; RULES 12b-25(b)&nbsp;AND
(c)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule&nbsp;12b-25(b), the following should be completed. (Check box if appropriate)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="border-right: black 1.5pt solid; padding: 0.25pt 1.9pt 0.25pt 8.75pt; text-align: center; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top; padding: 0.25pt 0.75pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt; width: 92%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reason described in reasonable detail in Part&nbsp;III of this form could not be eliminated without unreasonable effort or expense;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The subject annual report, semi-annual report, transition report on Form&nbsp;10-K, Form&nbsp;20-F, Form&nbsp;11-K, Form&nbsp;N-CEN or Form&nbsp;N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form&nbsp;10-Q or subject distribution report on Form&nbsp;10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD>
    <TD STYLE="padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accountant&rsquo;s statement or other exhibit required by Rule&nbsp;12b-25(c)&nbsp;has been attached if applicable.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PART&nbsp;III &ndash; NARRATIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,
10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Solana Company (formerly known as Helius Medical Technologies,&nbsp;Inc.)
(the &ldquo;Registrant&rdquo;) has determined that it is not able to file its quarterly report on Form&nbsp;10-Q for the quarter ended
September&nbsp;30, 2025 (the &ldquo;Form&nbsp;10-Q&rdquo;) within the prescribed time period without unreasonable efforts or expense.
As disclosed in the Registrant&rsquo;s Current Report on Form&nbsp;8-K filed with the SEC on October&nbsp;16, 2025, the Audit Committee
of the Board of Directors of the Registrant received the resignation of Baker Tilly US, LLP as the Company&rsquo;s independent registered
public accounting firm, effective October&nbsp;15, 2025. On October&nbsp;15, 2025, the Committee approved the appointment of CBIZ CPAs
P.C. as the Company&rsquo;s independent registered public accounting firm for the fiscal year ending December&nbsp;31, 2025, effective
immediately. The Registrant, while making efforts to expedite the process, requires additional time to finalize the review of the financial
statements to be included in the Form&nbsp;10-Q. While there can be no assurance, the Company anticipates that the Form&nbsp;10-Q will
be filed as soon as practicable and in any event on or prior to the fifth calendar day following the prescribed due date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;IV &ndash; OTHER INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name and telephone number of person to contact in regard to this notification:</FONT></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt 0.75pt; width: 5%">&nbsp;</TD>
<TD STYLE="padding: 0.25pt 0.75pt; width: 31%">&nbsp;</TD>
<TD STYLE="padding: 0.25pt 0.75pt; width: 2%">&nbsp;</TD>
<TD STYLE="padding: 0.25pt 0.75pt; width: 30%">&nbsp;</TD>
<TD STYLE="padding: 0.25pt 0.75pt; width: 2%">&nbsp;</TD>
<TD STYLE="padding: 0.25pt 0.75pt; width: 30%">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt 0.75pt 1pt; vertical-align: top">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 0.25pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey S. Mathiesen</FONT></TD>
<TD STYLE="padding: 0.25pt 0.75pt 1pt; vertical-align: bottom">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 0.25pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(215)</FONT></TD>
<TD STYLE="padding: 0.25pt 0.75pt 1pt; vertical-align: bottom">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; padding-top: 0.25pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">944-6201</FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Area code)</FONT></TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Telephone Number)</FONT></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">Have all other periodic reports required under Section&nbsp;13 or 15(d)&nbsp;of the Securities Exchange Act of 1934 or Section&nbsp;30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s)&nbsp;been filed? If the answer is no, identify report(s).</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT> Yes&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;No</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; padding: 0.25pt 0.75pt 0.4pt; vertical-align: bottom">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;Yes&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;No</FONT></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="padding: 0.25pt 0.75pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt 0.75pt">&nbsp;</TD>
<TD COLSPAN="5" STYLE="vertical-align: bottom; padding: 0.25pt 0.75pt">As previously disclosed in the Registrant&rsquo;s Current Report on Form&nbsp;8-K on September&nbsp;15, 2025, as a result of the Registrant&rsquo;s PIPE Offerings adoption of a Solana-centric Digital Asset Treasury and the related transactions, the Registrant anticipates significant changes in its results of operations for the quarter ended September&nbsp;30, 2025, as will be reflected in the Form&nbsp;10-Q. However, until the review is complete and the results are evaluated by the Registrant&rsquo;s management and its independent registered public accounting firm, the Registrant cannot currently quantify these changes to its preliminary results of operations or financial condition for the quarter ended September&nbsp;30, 2025.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Certain statements made herein are &ldquo;forward-looking statements&rdquo;
within the meaning of the &ldquo;safe harbor&rdquo; provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words and phrases such as &ldquo;will&rdquo;, &ldquo;may&rdquo;, &ldquo;should&rdquo;, &ldquo;future&rdquo;,
 &ldquo;promptly&rdquo;, &ldquo;expect&rdquo;, &ldquo;estimate&rdquo;, &ldquo;anticipate,&rdquo; &ldquo;intends&rdquo;, &ldquo;plans&rdquo;,
 &ldquo;subject to&rdquo;, and &ldquo;change&rdquo; and other similar expressions that predict or indicate future events or trends or that
are not statements of historical fact. Such statements may include, but are not limited to, the filing of the Form&nbsp;10-Q and the results
of the ongoing review. These statements are based on current expectations on the date hereof and involve a number of risks and uncertainties
that may cause actual results to differ significantly. These forward-looking statements are not guarantees of future performance, conditions
or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, including without
limitation a material delay in the Company&rsquo;s financial reporting, including the possibility that the Company will not be able to
file its Form&nbsp;10-Q within the five-day extension permitted by the rules&nbsp;of the SEC, and the possibility that the ongoing review
may identify errors or control deficiencies in the Company&rsquo;s accounting practices. The Company does not assume any obligation to update
or revise any such forward-looking statements, whether as the result of new developments or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Solana Company</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: November&nbsp;12, 2025</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jeffrey S. Mathiesen</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeffrey S. Mathiesen</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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