Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 48

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 48
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 B Preferred Stock). Effective October
1, 2024, the dividend payment obligation was modified to be annual. The amendment resulted in annual dividend payments going forward.
As a result of the amendment, we were obligated to make annual dividend payments for the period starting from July 2023 as per the Series
B Preferred Consent and Waiver, however, the Board has not yet declared any dividends for that period. As such, as of March 31, 2025,
we have accumulated approximately $1.1 million dividends in arrears in relation to the Series B Preferred Stock.

Listing

Our shares of Common Stock and Series A Preferred
Stock are listed on Nasdaq Capital Market under the symbols “SLNH” and “SLNHP”, respectively.

Transfer Agent and Registrar

The transfer agent and registrar for our Common Stock
and Preferred Stock is Equiniti Trust Company, LLC (“EQ” or “Transfer Agent”) (formerly: American Stock Transfer
& Trust Company, LLC). The Transfer Agent’s address is 48 Wall Street, 23rd Floor, New York, NY 10005.

Outstanding Stock Options and Warrants

As of April 17, 2025, there were options to
acquire a total of 2,645 shares of Common Stock at a weighted-average exercise price of $21.46 of which 2,645
shares of our Common Stock are currently issuable upon exercise of outstanding stock options at a weighted-average exercise price
of $21.46 per share; and outstanding warrants to purchase up to an aggregate of 2,407,135 shares of Common Stock at
a weighted average exercise price of $5.28 (including the shares underlying the warrants). Below is a summarized table of outstanding
warrants and their exercise prices, which includes the 140,000 Warrants issued to the Series B Holder.

| Exercise Price |        |     | Warrants Outstanding |           |
|:---------------|-------:|:----|:---------------------|----------:|
| $              |   0.01 |     |                      |   333,313 |
| $              |   3.78 |     |                      |   316,557 |
| $              |   4.20 |     |                      |   846,657 |
| $              |   5.70 |     |                      |   846,657 |
| $              |   6.00 |     |                      |     1,409 |
|