Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 223

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 223
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 Common Stock and 70,300prefunded warrants (the “Prefunded Warrants”).

Each Pre-Funded Warrant has been funded to the amount of $ .19999, with $ 0.00001per share of common stock payable upon exercise, is immediately exercisable, may be exercised at any time until exercised in full and is subject to customary adjustments. The Pre-Funded Warrants may not be exercised if the aggregate number of shares of the Company’s common stock beneficially owned by the holder (together with her affiliates) would exceed 4.99% of the Company’s outstanding Common Stock immediately after exercise. However, the holder may increase (upon 61 days’ prior notice from the holder to the Company) or decrease such percentages, provided that in no event such percentage exceeds 4.99%.

| F-33 |

Reservation of Shares

The Company had reserved common shares for future issuance as follows as of December 31, 2023:

Schedule of Reserved Shares of Common Stock for Future Issuance

| Stock options outstanding (1)                      |     |    52,393 |
| Restricted stock units outstanding (1)             |     |     9,612 |
| Warrants outstanding (1)                           |     | 1,148,269 |
| Common stock available for future equity awards or 
 issuance of options (1)                            |     |   523,716 |
| Number of common shares reserved                   |     | 1,733,990 |

| (1) | Prior                                                                                                                                 
 period results have been adjusted to reflect the Reverse Stock Split of the Common Stock at a ratio of 1-for-25 that became effective 
 October 13, 2023. See Note 2, “Accounting Policies,” for details.                                                                     |

The Company also notes that as of December 31, 2023, there are 1,907,188Series A preferred stock available for future equity awards under the 2021 Plan.

Placement Agent Agreements

On September 13, 2022, the Company entered into a placement agent agreement with Univest Securities LLC (“Univest”) in which all of the 19,464outstanding warrants held with Univest which were earned through previous equity offerings would be revised to a new exercise price value of $ 108.25per warrant.

Additionally, on December 2, 2022, the Company entered into an additional placement agency agreement with, pursuant to which Univest agreed to serve as the exclusive placement agent