Company: SLNH
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001641172-25-020082
Chunk: 0

Company: Soluna Holdings, Inc
Filing Date: 2025-07-17
Form: 8-K
Item: Item 1.01
Chunk 0
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Item       Entry                                  

Securities
Purchase Agreement

On
July 15, 2025, Soluna Holdings, Inc. (the “ Company”) offered and sold in a public offering (the “ Offering”)
an aggregate of (i) 8,794,544 shares of its common stock, par value $0.001 per share (each a “ Share” and collectively, the
“ Shares”); (ii) pre-funded warrants (the “ Pre-Funded Warrants”) to purchase 296,365 shares of common stock; (iii)
Series A warrants (the “ Series A Warrants”) to purchase 9,090,909 shares of common stock; and (iv) Series B warrants (the
“ Series B Warrants,” and together with the Series A Warrants, the “ Common Warrants”) to purchase 9,090,909 shares
of common stock, pursuant to the Registration Statement on Form S-1 (File No. 333-287519), and a securities purchase agreement, dated
as of July 15, 2025, by and between the Company and each purchaser signatory thereto (the “ Purchase Agreement”).

Each
Share or Pre-Funded Warrant was sold together with one Series A Warrant to purchase one Share and one Series B Warrant to purchase one
Share. The combined public offering price for each Share (or Pre-Funded Warrant) and accompanying Common Warrants was $0.55. The Pre-Funded
Warrants have an exercise price of $0.001 per share, are exercisable immediately upon issuance and will expire when exercised in full.
Each Common Warrant has an exercise price of $0.55 per share and is exercisable immediately upon issuance. The Series A Warrants will
expire on the five-year anniversary of the initial exercise date and the Series B Warrants will expire on the twenty-four-month anniversary
of the initial exercise date.

The
net proceeds of the Offering, after deducting the fees and expenses of the Placement Agent (as defined below), described in more detail
below, and other offering expenses payable by the Company, but excluding the net proceeds, if any, from the exercise of the Common Warrants,
is approximately $4.3 million. The Company intends to use the net proceeds from the Offering for working capital, project-level equity,
and general corporate purposes. The Offering closed on July 17, 2025.

In
connection with the Offering, and pursuant to the Purchase Agreement