Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 43

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 were fully converted in fiscal year 2024, no assumptions were noted for the three and nine months
ended September 30, 2025.

Schedule of Fair Value Assumptions For Convertible Notes 

    Year Ended
                                                                                December 31, 2024

    Stock
    price
     
    $
    2.88
    – 6.09

    Conversion
    price
     
    $
    2.30
    – 3.78

    Volatility

    80.0
    – 115
    %
  
    Risk-free
    interest rate

    4.73-
    5.46
    %

On February
28, 2024, the Company and the Noteholders entered into a Fourth Amendment Agreement to amend the Notes, SPA and related agreements to
facilitate future financings by the Company. In addition, the Company was permitted to unilaterally extend the maturity date of the Notes
for two 3-Month extensions if prior to the then in effect maturity date the Company gives notice to the Noteholders and increases the
principal amount of the Notes on the date of each such extension by two percent (2%)
the principal amount of the Notes outstanding on the date of such extension.

    23

In
consideration of the foregoing, the Company:

    ●
    Reduced
    the conversion price of the Notes to $3.78 per share;

    ●
    The
    Noteholders received an aggregate of 850,000 three year warrants exercisable at $0.01 per share;

    ●
    An
    aggregate of 320,005 warrants held by the Noteholders had the exercise price reduced to $3.78 per share (the “$3.78 Warrants”);
    and

    ●
    An
    aggregate of 478,951 warrants held by the Noteholders had the exercise price reduced to $6.00 per share (the “$6.00 Repriced
    Warrants”). For every one $6.00 Repriced Warrant exercised by a Purchaser, such Purchaser shall receive 1.36 new five-year
    warrants with an exercise price of $0.01, 1.6 new five-year warrants with an exercise price of $4.20, and 1.6 new five-year warrants
    with an exercise price of $5.70.

In
June 2024, pursuant to