Solana Co. Boosts ATM Offering Capacity to $250M

Solana Company has amended and restated its sales agreement with Clear Street LLC and Maxim Group LLC, significantly increasing the maximum aggregate gross sales price for its existing "at-the-market" (ATM) offering. The capacity has been raised from $92.8 million to $250 million. Under the previous agreement, the company had already issued and sold shares for aggregate gross proceeds of $24.66 million. The co-sales agents will receive commissions of up to 3.00% of the gross proceeds from sales and will be reimbursed for certain legal expenses up to $75,000.