Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 30

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 30
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dispose of, at any time and from time to time, the shares of Common Stock they beneficially own in transactions exempt from the registration
requirements of the Securities Act after the date on which they provided the information set forth in the table below. We have, therefore,
assumed for the purposes of the following table, that the Selling Holders will sell all of the shares of Common Stock owned beneficially
by them that are covered by this prospectus, but will not sell any other shares of Common Stock that they presently own. The Selling Holders
have not held any position or office, or have otherwise had a material relationship, with us or any of our subsidiaries within the past
three years other than as a result of the ownership of our shares of Common Stock or other securities.

| Name of Selling Holders |     | Shares Owned prior to Offering(1) |           |    |     | Shares Offered by this Prospectus |           |    |     | Shares Owned after Offering |           |     | Percentage of Shares Beneficially Owned after Offering(2) |      |      |
| YA II PN LTD.(3)        |     |                                   | 1,487,128 |    |     |                                   | 1,487,128 | -4 |     |                             |         0 |     |                                                           |    0 | %    |
| Chuntao Zhou(5)         |     |                                   | 1,455,938 | -6 |     |                                   |   140,000 | -4 |     |                             | 1,315,938 |     |                                                           | 4.99 | %(4) |
| Univest                 
 Securities,             
 LLC(7)                  |     |                                   |   108,024 |    |     |                                   |   108,024 | -4 |     |                             |         0 |     |                                                           |    0 | %    |
| Bradley                 
 Richmond(8)             |     |                                   |   200,618 | -9 |     |                                   |   200,618 | -4 |     |                             |         0 |     |                                                           |    0 | %    |

Calculated in accordance with Rule 13(d)(3)
under the Exchange Act, which includes all options and warrants owned by the holder which are exercisable within 60 days of the date of
the table.

| 16 |

Based upon the number of shares outstanding
on April 17,