Company: SLNH
Filing Date: 2025-07-17
Form Type: 424B4
Source: 0001641172-25-019981
Chunk: 2

Company: Soluna Holdings, Inc
Filing Date: 2025-07-17
Form: 424B4
Chunk 2
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 was $0.76 per share. There is no established public trading market for the Pre-Funded Warrants or Common Warrants that are part of this offering, and we do not expect a market to develop. We do not intend to apply for listing of the Pre-Funded Warrants or Common Warrants on any securities exchange or other nationally recognized trading system. Without an active trading market, the liquidity of the Pre-Funded Warrants and Common Warrants will be limited.

You should read this prospectus, together with additional information described under the headings “Information Incorporated by Reference” and “Where You Can Find More Information,” carefully before you invest in any of our securities.

We are a “smaller reporting company,” and as such, we have elected to take advantage of certain reduced public company reporting requirements for this prospectus and future filings. Investing in our securities involves a high degree of risk. See “Risk Factors” beginning on page 9 of this prospectus for a discussion of information that should be considered in connection with an investment in our securities. See “Prospectus Summary—Implications of Being a Smaller Reporting Company.”

Investing in our securities involves a high degree of risk. See the section titled “Risk Factors” beginning on page 9 of this prospectus and in the documents incorporated by reference into this prospectus for a discussion of risks that should be considered in connection with an investment in our securities.

|                                     |     | Per                                    
 Share and Accompanying Common Warrants |       |     | Per                                                 
 Pre-Funded Warrant and Accompanying Common Warrants |       |     | Total |              |
|:------------------------------------|:----|:---------------------------------------|------:|:----|:----------------------------------------------------|------:|:----|:------|-------------:|
| Public offering price               |     | $                                      |  0.55 |     | $                                                   | 0.549 |     | $     | 4,999,703.58 |
| Placement Agent Fees (1)            |     | $                                      | 0.039 |     | $                                                   | 0.039 |     | $     |   350,000.00 |
| Proceeds to us, before expenses (2) |     | $                                      | 0.511 |     | $                                                   | 0.510 |     | $     | 4,649,703.58 |

| (1) | We have agreed to pay the placement agent                                                                                           
 a total