Company: SLNH
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001493152-25-021949
Chunk: 11

Company: Soluna Holdings, Inc
Filing Date: 2025-11-12
Form: 424B3
Chunk 11
---
, among other things, agreed to: (i) file a registration statement covering the Warrants and the Warrant Shares no later than fifteen (15) days after the date the Company entered into the Registration Rights Agreement (the “Filing Date”), (ii) cause such registration statement to be declared effective under the Securities Act as soon as reasonably practicable but, in any event, no later than seventy-five (75) days after the Filing Date (or thirty (30) days if the SEC does not review such registration statement), and (iii) use its best efforts to keep any such registration statement continuously effective until (a) the date that all of the Warrants and Warrant Shares have been publicly sold by the Selling Securityholder, (b) the date that all of the Warrants and Warrant Shares have been previously sold in accordance with Rule 144, (c) such time as both (x) all of such Warrants and Warrant Shares may be sold by the Selling Securityholder without any restriction pursuant to Rule 144, including holding period, volume or manner-of-sale restrictions pursuant to Rule 144 and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144, and (y) the Selling Securityholder, together with its affiliates, holds less than 3.0% of the Company’s then outstanding shares of common stock, or (d) five (5) years from the effective date of the first registration statement filed with the SEC registering for resale the Warrants and the Warrant Shares. We have filed the Registration Statement of which this prospectus forms a part pursuant to the Registration Rights Agreement.

| 8 |

<div align='center'>RISK FACTORS</div>

Before purchasing any of the securities you should carefully consider the risk factors incorporated by reference in this prospectus from our most recent Annual Report on Form 10-K and any subsequent updates described in our Quarterly Reports on Form 10-Q. For a description of these reports and information about where you can find them, see “Additional Information” and “Incorporation of Certain Information By Reference.” Additional risks not presently known or that we presently consider to be immaterial could subsequently materially and adversely affect our financial condition, results of operations, business and prospects.

Risks Related to This Offering

There is no public market for the Warrants being offered in this offering.

There is no established public trading market for the Warrants being offered in this offering, and we do not expect a market to develop.