Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 271

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 271
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 | 11,881 |
| July 2024 additional secured note |     |                           |     - |     |                         |  1,273 |     |                |     - |     |       |  1,273 |
| Total Debt                        |     | $                         | 3,370 |     | $                       | 14,529 |     | $              | 8,100 |     | $     | 25,999 |

The following table represents total debt outstanding by agreement as of December 31, 2023:

| (Dollars in thousands): |     | Convertible notes payable |       |     | Current portion of debt |        |     | Long term debt |   |     | Total |        |
|:------------------------|:----|:--------------------------|------:|:----|:------------------------|-------:|:----|:---------------|:--|:----|:------|-------:|
| Convertible Notes       |     | $                         | 8,474 |     | $                       |      - |     | $              | - |     | $     |  8,474 |
| NYDIG financing         |     |                           |     - |     |                         |  9,183 |     |                | - |     |       |  9,183 |
| Navitas term loan       |     |                           |     - |     |                         |  1,681 |     |                | - |     |       |  1,681 |
| Total Debt              |     | $                         | 8,474 |     | $                       | 10,864 |     | $              | - |     | $     | 19,338 |

Convertible Notes

Debt consists of the following

Schedule of Debt

On October 25, 2021, pursuant to a Securities Purchase Agreement (the “October SPA”), the Company issued to certain accredited investors (the “Noteholders”) (i) secured convertible notes in an aggregate principal amount of $ 16.3million for an aggregate purchase price of $ 15million (collectively, the “October Secured Notes”), which were, subject to certain conditions, convertible at any time by the investors, into an aggregate of 1,776,073shares of the Company’s common stock, at a price per share of $ 9.18and (ii) Class A, Class B and Class C common stock purchase warrants (collectively,