Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 32

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 32
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untao 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, 2025.

YA II PN LTD. (the “Investor”)
is a fund managed by Yorkville Advisors Global II, LP (the “Manager”). Yorkville Advisors Global II, LLC is the General Partner
of the Manager. Investment decisions for the Investor are made by Mr. Mark Angelo, and Mr. Angelo may therefore be deemed to hold voting
and dispositive power with respect to such shares. The business address of the Investor is 1012 Springfield Avenue, Mountainside, NJ 07092.

Based upon the number of shares registered
under this Registration Statement. In the event the number of shares sold under the SEPA is less, the number of shares offered will be
accordingly reduced.

The address of the Series B Holder is
7/F 15 Shelter Street, Causeway Bay, Hong Kong HK.

Consists of 5,938 consent shares of Common
Stock issued in relation to the SEPA on October 1, 2024 in a private placement exempt from registration pursuant to Section 4(a)(2) of
the Securities Act, warrants exercisable for 60,000 shares of Common Stock at an exercise price of $0.01 per share, the Warrants and 1,250,000
shares of Series B Preferred Stock which are subject to a 4.99% beneficial ownership blocker. The number of shares listed in the second