Company: SLNH
Filing Date: 2025-06-16
Form Type: S-1/A
Source: 0001641172-25-015179
Chunk: 26

Company: Soluna Holdings, Inc
Filing Date: 2025-06-16
Form: S-1/A
Chunk 26
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 offering price per share of common stock and accompanying
Common Warrants of $0.6448, the closing price per share of our common stock on Nasdaq on June 12, 2025, after deducting
the placement agent fees and estimated offering expenses payable by us, assuming no sale of any fixed combinations of Pre-Funded Warrants
and Common Warrants offered hereunder and excluding the proceeds, if any, from the exercise of the Common Warrants issued in this offering.
If the Common Warrants are exercised in full for cash, the estimated net proceeds will increase to $ . However, because
this is a best efforts offering and there is no minimum offering amount required as a condition to the closing of this offering, the
actual offering amount, the placement agent’s fees and net proceeds to us are not presently determinable and may be substantially
less than the maximum amounts set forth on the cover page of this prospectus. In addition, we may receive proceeds from the exercise
of the placement agent warrants, to the extent such placement agent warrants are exercised for cash, but we will not receive any proceeds
from any sale of the shares underlying the placement agent warrants.

We intend to use the net proceeds from the offering
for working capital, project-level equity, and general corporate purposes. These expected uses represent our intentions based upon our
current plans and business conditions, which could change in the future as our plans and business conditions evolve. Pursuant to Amendment
No. 1 to Securities Purchase Agreement, dated October 3, 2024, between the Company and the holder of our Series B Preferred Stock, we
are required to pay a consent fee equaling 10% of the gross proceeds from this offering to the holder of our Series B Preferred Stock.
The amounts and timing of these expenditures will depend on numerous factors, including the development of our current business initiatives.
We have no specific acquisition contemplated at this time. As of the date of this prospectus, we cannot specify with certainty all of
the particular uses for the net proceeds from this offering. As a result, our management will have broad discretion in the application
of the net proceeds from this offering, and the investors will be relying on the judgment of our management regarding the application
of the net proceeds from this offering. The amounts and timing of our actual expenditures will depend on numerous factors, including factors
described under “Risk Factors” in this prospectus and the documents incorporated by reference herein and therein.

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