Company: SLNH
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001641172-25-012098
Chunk: 20

Company: Soluna Holdings, Inc
Filing Date: 2025-05-22
Form: S-1
Chunk 20
---
, including SDI.

Our principal executive office is located at 325 Washington Avenue
Extension, Albany, NY 12205, and our phone number is (516) 216-9257. Our principal website address is www.solunacomputing.com.

Information contained
in, or accessible through, our website does not constitute part of this prospectus or registration statement and inclusions of our website
address in this prospectus or registration statement are inactive textual references only. You should not rely on any such information
in making your decision whether to purchase our securities.

We make available free
of charge on or through our website access to press releases and investor presentations, as well as all materials that we file electronically
with the SEC, including our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to
those reports, filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934, as amended (the “Exchange Act”),
as soon as reasonably practicable after electronically filing such materials with, or furnishing them to, the SEC. The SEC maintains an
Internet website, www.sec.gov, that contains reports, proxy and information statements and other information that we file electronically
with the SEC.

| 6 |

<div align='center'>THE OFFERING</div>

| Common Stock to be Offered                                     |     | Up to         shares based on the sale of our common stock at an assumed combined public offering price of $      per share of common stock and accompanying Common Warrants, which is the closing price of our common stock on       , 2025, and assuming no sale of any Pre-Funded Warrants. |
| Pre-Funded Warrants to be Offered                              |     | We are also offering to certain purchasers whose                                                                                                                                                                                                                                               
 purchase of shares of common stock in this offering would otherwise result in the purchaser, together with its affiliates and certain                                                                                                                                                          
 related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock immediately                                                                                                                                                 
 following the consummation of this offering, the opportunity to purchase, if such purchasers so choose, Pre-Funded Warrants to purchase                                                                                                                                                        
 shares of common stock, in lieu of shares of common stock that would otherwise result in any such purchaser’s beneficial ownership                                                                                                                                                             
 exceeding 4.99% (or, at the election of the purchaser,