Company: SLNH
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001641172-25-020082
Chunk: 1

Company: Soluna Holdings, Inc
Filing Date: 2025-07-17
Form: 8-K
Item: Item 1.01
Chunk 1
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, the Company agreed not to issue, enter into any agreement to issue
or announce the issuance or proposed issuance of any shares of common stock or any securities convertible into or exercisable or exchangeable
for shares of common stock or file any registration statement or prospectus, or any amendment or supplement thereto for 45 days after
the closing date of the Offering, subject to certain exceptions. In addition, the Company agreed not to effect or enter into an agreement
to effect any issuance of common stock or any securities convertible into or exercisable or exchangeable for shares of common stock involving
a variable rate transaction (as defined in the Purchase Agreement) until the six-month anniversary of the closing date of the Offering,
subject to certain exceptions.

The
Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification
obligations of the Company and the purchasers, including for liabilities arising under the Securities Act of 1933, as amended (the “ Securities
Act”), other obligations of the parties and termination provisions. The representations, warranties and covenants contained in
the Purchase Agreement were made only for the purposes of such agreements and as of specific dates, were solely for the benefit of the
parties to such agreements and may be subject to limitations agreed upon by the contracting parties.

A
holder will not have the right to exercise any portion of the Common Warrants or Pre-Funded Warrants if the holder (together with its
affiliates) would beneficially own in excess of 4.99% or 9.99%, as applicable, of the number of shares of common stock outstanding immediately
after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Common Warrants or
the Pre-Funded Warrants, respectively.

Pursuant
to an Engagement Letter (the “ Engagement Letter”) with H. C. Wainwright & Co., LLC (the “ Placement Agent”),
the Company agreed to pay the Placement Agent in connection with the Offering (i) a total cash fee equal to 7.0% of the aggregate gross
proceeds raised in the Offering, (ii) up to $125,000 for fees and expenses of the Placement Agent’s legal counsel and other reasonable
out of pocket expenses, and (iii) up to $15,950 for the Placement Agent’s clearing expenses. In addition, the Company agreed
to issue to the Placement Agent or its designees warrants (“ Placement Agent W