Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 274

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 274
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250thousand and increased the principal amount of the outstanding October Secured Notes by 14%. The Company also issued 240,000new Class A warrants exercisable at $ 12.50and 80,000new Class B warrants exercisable at $ 20.00.

On November 20, 2023, the Company and the Noteholders entered into a Third Amendment Agreement to amend the Notes, the October SPA and related agreements (collectively, the “Transaction Documents”). The aim was to facilitate future financings by the Company that may include funds for prepayment of the Notes by permitting the Company to force conversion of up to $ 1.5million of the Notes under certain circumstances, reduce the prepayment penalty in return for reducing the conversion price of the $ 4.7million of the Notes and reducing the exercise price of 150,000of the Warrants to $ 0.01.

| F-63 |

On February 28, 2024 the Company and the Purchasers entered into a Fourth Amendment Agreement to amend the Notes, SPA and related agreements to facilitate future financings by the Company by amending the Transaction Documents as follows:

The Company shall be permitted to undertake at-the-market transactions in the future provided:

| ● | No                                                                                                                               
 Event of Default shall have occurred and be continuing under the Notes; and                                                      |
| ● | The                                                                                                                              
 market price of the shares of common stock shall be at least the At-the-Market (“ATM”) Floor Price. ATM Floor Price means        
 $10 per share initially, which is reduced to $8 per share six months after the ATM is effective and $6 per share 12 months after 
 the after the effective date of the ATM.                                                                                         |

In addition, the Company will be permitted to unilaterally extend the maturity date of the Notes for two 3-Month extensions if prior to the then in effect maturity date the Company gives notice to the Purchasers and increases the principal amount of the Notes on the date of each such extension by two percent ( 2%) the principal amount of the Notes outstanding on the date of this Agreement per each extension.

In consideration of the foregoing, the Company:

| ● | Reduced                                                                                                                              
 the conversion price of the Notes to $3.78 per share;                                                                                |
| ● | The                                                                                                                                  
 Purchasers received an aggregate of 850,000 three year warrants exercisable at $0.01 per share;                                      |
| ● | An                                                                                                                                   
 aggregate of 320,