Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 31

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 31
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 that the Selling Holders has the right to acquire within 60 days of April 17,
2025.

All information with respect to the Common Stock ownership
of the Selling Holders has been furnished by or on behalf of the Selling Holders. We believe, based on information supplied by the Selling
Holders, that except as may otherwise be indicated in the footnotes to the table below, the Selling Holders have sole voting and dispositive
power with respect to the shares of Common Stock reported as beneficially owned by the Selling Holders. Because the Selling Holders identified
in the table may sell some or all of the shares of Common Stock beneficially owned by them and covered by this prospectus, and because
there are currently no agreements, arrangements or understandings with respect to the sale of any of the shares of Common Stock, no estimate
can be given as to the number of shares of Common Stock available for resale hereby that will be held by the Selling Holders upon termination
of this offering. In addition, the Selling Holders may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise
dispose of, at any time and from time to time, the shares of Common Stock they beneficially own in transactions exempt from the registration
requirements of the Securities Act after the date on which they provided the information set forth in the table below. We have, therefore,
assumed for the purposes of the following table, that the Selling Holders will sell all of the shares of Common Stock owned beneficially
by them that are covered by this prospectus, but will not sell any other shares of Common Stock that they presently own. The Selling Holders
have not held any position or office, or have otherwise had a material relationship, with us or any of our subsidiaries within the past
three years other than as a result of the ownership of our shares of Common Stock or other securities.

| Name of Selling Holders |     | Shares Owned prior to Offering(1) |           |    |     | Shares Offered by this Prospectus |           |    |     | Shares Owned after Offering |           |     | Percentage of Shares Beneficially Owned after Offering(2) |      |      |
| YA II PN LTD.(3)        |     |                                   | 1,487,128 |    |     |                                   | 1,487,128 | -4 |     |                             |         0 |     |                                                           |    0 | %    |
| Ch