Company: SLNH
Filing Date: 2025-01-15
Form Type: CORRESP
Source: 0001493152-25-002392
Chunk: 1

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: CORRESP
Chunk 1
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 and any associated  
 warrant agreement, or tell us why you are not required to do so.                                                                     |

Response to Comment 1:

The Company respectfully acknowledge the Staff’s comment and has filed the Waiver Agreement, dated October 1, 2024, between the Company and the Series B Holder and (ii) the form of Warrant as exhibits 10.120 and 4.21, respectively, to the Amended Registration Statement.

| 2. | We                                                                                                                                    
 note your disclosure that, “Northland Securities, Inc. acted as placement agent in connection with the SEPA and is entitled           
 to receive a 6% commission on all funds received by the Company under the SEPA.” Please tell us how you considered providing          
 related disclosure on the prospectus cover page. Also please tell us whether Northland Securities will act as a placement agent for   
 the SEPA shares going forward. Furthermore, please file any written agreement or document memorializing the terms of your arrangement 
 with the placement agent as an exhibit to the registration statement if required by Item 601 of Regulation S-K.                       |

Response to Comment 2:

The Company respectfully acknowledges the Staff’s comment. Northland Securities, Inc. (“ Northland”) will not act as placement agent for the SEPA shares going forward, and all of its services in connection with the SEPA are complete. The Company will pay Northland the fee upon the issuance and sale by the Company of the shares to the Investor and such fee is paid irrespective of when the shares are sold by the Investor pursuant to the registration statement. As Northland will not be acting as an underwriter or placement agent in connection with the distribution of the securities by the Selling Holders, no disclosure was included on the cover page of the prospectus.

Because Northland is not acting as an underwriter or placement agent pursuant to which the securities being registered are to be distributed, the Company’s engagement letter with Northland is not required to be filed pursuant to Item 601(b)(1) of Regulation S-K. Furthermore, the Company respectfully advises the Staff that the Company does not believe that the engagement letter is a material agreement under Item 601(b)(10) of Regulation S-K. The engagement letter is an ordinary course engagement agreement pursuant to which Northland is serving as the Company’s placement agent in connection with equity and debt financings of the Company and its subsidiaries.

We hope that the foregoing has been responsive to the Staff’s comments. If you have any questions or comments about this letter or need