Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 139

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 139
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='center'>SELLING HOLDERS</div>

This prospectus covers the resale or other disposition by the Selling Holders identified in the table below of the Offered Securities, consisting of (i) 3,000,000 shares of Common Stock that we may, at our discretion, elect to issue and sell the Investor from time to time after the date of this prospectus, pursuant to the SEPA, (ii) 59,382 Commitment Shares that we issued pursuant to the SEPA, (iii) 140,000 shares of Common Stock issuable upon the exercise of the Warrants issued to the Series B Holder and (iv) 308,642 Release Shares issued to Univest and Bradley Richmond that were issued such shares in connection with prior investment banking activities unrelated to the SEPA. Such Selling Holders acquired the Offered Securities in the transactions described above under the heading “The Standby Equity Purchase Agreement.”

The table below sets forth, as of December 31, 2024, the following information regarding the Selling Holders:

| ● | the                                                                                        
 name of the Selling Holders;                                                               |
| ● | the                                                                                        
 number of shares of Common Stock owned by the Selling Holders prior to this offering;      |
| ● | the                                                                                        
 number of shares of Common Stock to be offered by the Selling Holders in this offering;    |
| ● | the                                                                                        
 number of shares of Common Stock to be owned by the Selling Holders assuming the sale of   
 all of the shares of Common Stock covered by this prospectus; and                          |
| ● | the                                                                                        
 percentage of our issued and outstanding shares of Common Stock to be owned by the Selling 
 Holders assuming the sale of all of the shares of Common Stock covered by this prospectus  
 based on the number of shares of Common Stock issued and outstanding as of December 31,    
 2024.                                                                                      |

Except as described otherwise, the number of shares of Common Stock beneficially owned by the Selling Holders has been determined in accordance with Rule 13d-3 under the Exchange Act and includes, for such purpose, shares of Common Stock that the Selling Holders has the right to acquire within 60 days of December 31, 2024.

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