Company: SLNH
Filing Date: 2025-10-27
Form Type: S-1
Source: 0001493152-25-019770
Chunk: 13

Company: Soluna Holdings, Inc
Filing Date: 2025-10-27
Form: S-1
Chunk 13
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 ● | 5,466,739 shares of our common stock issuable upon the exercise                                                  
 of outstanding warrants, including pre-funded warrants, at a weighted average exercise price of $2.07 per share. |

As of October 22, 2025, we had 4,928,545 shares of our 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”), issued and outstanding, and 62,500 shares of our Series B Preferred Stock issued and outstanding.

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<div align='center'>PRIVATE PLACEMENTS</div>

On June 20, 2024, pursuant to the terms and subject to the conditions of a Note Purchase Agreement ( as amended on July 12, 2024, the“SPA”) by and among (i) Soluna AL CloudCo, LLC (“CloudCo”), a Delaware limited liability company and a subsidiary of Soluna Cloud, Inc. (“Soluna Cloud”), a Nevada corporation and a subsidiary of the Company, (ii) Soluna Cloud, (iii) the Company, and (iv) the Selling Stockholder (collectively, the “Note Parties”), CloudCo issued the Note to the Selling Stockholder in a private placement transaction exempt from the registration requirements of the Securities Act.

On March 23, 2025, the Note Parties entered into the Modification Agreement to, among other things, (i) provide for the deposit of 1,000,000 Common Shares into an escrow account maintained by Northland Securities, Inc. (“Northland”), (ii) provide for the issuance to the Selling Stockholder of a warrant to purchase shares of our common stock upon the release by the Selling Stockholder of its lien on our property (the “Warrant”), (iii) amend the payment schedule of the Note to provide (a) for each of the six scheduled payments occurring after the earlier of the effectiveness of a registration statement for the resale of the Registrable Securities (as defined below) or the date that the Registrable Securities may be sold pursuant to Rule 144 under the Securities Act, without any information requirements, the amount of principal and interest payable on such date shall be reduced by 50% (the aggregate amount of the six months of such reductions, the “Specified Amount”) and (b) if the aggregate amount of payments on the Note applied from the proceeds of the sale of the Common Shares on or prior to the last six scheduled payments is