Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 327

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 327
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s from debt issuance 
    $18,434  
    $14,470 
  
    Payments on debt and deferred financing costs 
     (6,938) 
     (2,261)
  
    Contributions from non-controlling interest 
     22,078  
     5,098 
  
    Distributions to non-controlling interest 
     (4,753) 
     (6,694)
  
    Proceeds from warrant exercises 
     9,455  
     2,330 
  
    Net proceeds from financing offering 
     4,364  
     - 
  
    Net proceeds from SEPA
    and ATM 
     28,975  
     - 
  
    Net
    cash provided by financing activities 
    $71,615  
    $12,943 

Net
cash provided by financing activities was approximately $71.6 million for the nine months ended September 30, 2025 consisting mainly
of $18.4 million of debt issuance proceeds, $29.0 million of net proceeds from SEPA draws and ATM Agreement settlements, net
proceeds of $4.4 million from the July financing offering, $9.5 million net proceeds from warrant exercises, and $22.1 million of
contributions from non-controlling interest, offset with cash distributions to non-controlling interest members of approximately
$4.8 million and payments on debt and deferred financing costs of approximately $6.9 million to the Green Cloud Secured Loan,
Generate debt issuance costs, Galaxy principal and deferred financing costs, CloudCo Additional Secured Loan, and the Navitas term
loan. Net cash provided by financing activities for the nine months ended September 30, 2024 was approximately $12.9 million
consisting mainly of proceeds from financing of approximately $14.5 million in which $13.75 million was from 2024 secured loan
financing in June and July, and $720 thousand was drawn down for equipment financing. In addition, there was $2.3 million in
warrants exercised, as well as $5.1 million in contributions of non-controlling membership interest. Offsetting the net cash
provided by financing activities was $6.7 million in cash distributions to non-controlling interest members, and payments of $2.3
million relation to Navitas loan and deferred financing charges.

Debt

The
following balances are presented net of unamort