Company: SLNH
Filing Date: 2025-10-16
Form Type: S-3/A
Source: 0001493152-25-018322
Chunk: 25

Company: Soluna Holdings, Inc
Filing Date: 2025-10-16
Form: S-3/A
Chunk 25
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 at such time by means of a “cashless exercise” in which the holder shall be entitled to receive upon such exercise a number of shares of Common Stock equal to the quotient obtained according to a formula set forth in the Common Warrants.

Fundamental Transaction

In the event of a fundamental transaction, as described in the Common Warrants and generally including any reorganization, recapitalization or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person or group becoming the beneficial owner of more than 50% of the voting power represented by our outstanding common stock, the holder of the Common Warrant will be entitled to receive upon exercise of the Common Warrant the kind and amount of securities, cash or other property that the holder would have received had it exercised the Common Warrants immediately prior to such fundamental transaction.

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Transferability

Subject to applicable laws, the Common Warrants may be transferred at the option of the holder upon surrender of the Common Warrants together with the appropriate instruments of transfer and funds sufficient to pay any transfer taxes payable upon such transfer.

Fractional Shares.

No fractional shares of common stock will be issued upon the exercise of the Common Warrants. Rather, the number of shares of common stock to be issued will, at our election, either be rounded up to the nearest whole number or we will pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the exercise price.

Amendments.

No term of a Common Warrant may be amended or waived without the written consent of the Company and the holder of such Common Warrant.

Exchange Listing

We do not intend to list the Common Warrants on any securities exchange or nationally recognized trading system.

Rights as a Stockholder

Except as otherwise provided in the Common Warrants or by virtue of the holder’s ownership of shares of our common stock, the holder of the Common Warrants does not have the rights or privileges of holders of our common stock, including any voting rights, until they exercise the Common Warrants.

Pre-Funded Warrants

The following summary of certain terms and provisions of the Pre-Funded Warrants that is being registered hereby is not complete and is subject to, and qualified in its entirety by, the provisions of the Pre-Funded Warrants, the form of which is filed as an exhibit to the registration