Company: SLNH
Filing Date: 2025-10-16
Form Type: S-3/A
Source: 0001493152-25-018322
Chunk: 12

Company: Soluna Holdings, Inc
Filing Date: 2025-10-16
Form: S-3/A
Chunk 12
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On September 12, 2025, the Borrowers, Agent and Lender entered into the Credit Agreement. The Credit Agreement provides for senior secured term loan commitments in an aggregate principal amount of up to $35.5 million, comprised of (i) Tranche A-1 ($5.5 million), (ii) Tranche A-3 ($11.5 million), and (iii) Tranche B ($18.5 million). In addition, the Credit Agreement permits the Borrowers to request one or more Additional Tranche Loan Commitments (as defined in the Credit Agreement), in the aggregate amount of up to $64.5 million, subject to the approval of the Lender and the Agent, for project-level financing of eligible projects. On September 12, 2025, the Borrowers borrowed $12,623,591 under the Credit Agreement, comprised of Tranche A-1 loans and Tranche A-3 loans. The Company can draw upon Tranche B from September 12, 2025 until October 31, 2026, subject to the conditions set forth in the Credit Agreement. The maturity date for the Tranche A and Tranche B loans is the earlier of (i) payment of outstanding principal, interest, and fees and (ii) September 12, 2030. Additional Tranche Loan Commitments will have maturity dates as set forth in their respective amendments to the Credit Agreement.

In connection with the Credit Agreement, the Company issued the Selling Securityholder in the Private Placement: (i) 2,000,000 Pre-Funded Warrants to purchase up to 2,000,000 shares of common stock and (ii) 2,000,000 Common Warrants to purchase up to 2,000,000 shares of common stock. The Warrants issued to the Selling Securityholder in the Private Placement were issued and sold without registration under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act promulgated thereunder and in reliance on similar exemptions under applicable state laws. For additional information regarding the terms of the Warrants, see “ Description of Securities”).

Also on September 12, 2025, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with the Selling Securityholder, pursuant to which the Company agreed to file one or more registration statements on Form S-3 covering