Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 321

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 321
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 569 |   |     |                                 |  (1,743 | ) |     |      |    (524 | ) |
| Net loss                                                          |     |                                  | (8,093 | ) |     |      | (6,016 | ) |     |                                 | (19,782 | ) |     |      | (22,705 | ) |
| (Less) Net loss (income) attributable to non-controlling interest |     |                                  |    903 |   |     |      |   (646 | ) |     |                                 |  (3,535 | ) |     |      |     206 |   |
| Net loss attributable to Soluna Holdings, Inc.                    |     | $                                | (7,190 | ) |     | $    | (6,662 | ) |     | $                               | (23,317 | ) |     | $    | (22,499 | ) |
| Capital expenditures                                              |     |                                  |  3,542 |   |     |      |  9,639 |   |     |                                 |   3,820 |   |     |      |  12,534 |   |
| Depreciation and amortization                                     |     |                                  |  3,915 |   |     |      |  3,579 |   |     |                                 |  11,750 |   |     |      |   9,498 |   |

| F-81 |

15. Subsequent Events

SEPA Consents

As previously discussed in Footnote 1, the Company entered into a SEPA with YA II PN, LTD on August 12, 2024. In accordance with the terms of the SEPA, YA has agreed to purchase up to $ 25million in aggregate gross purchase price of newly issued fully paid shares of the Company’s common stock from time to time subject to the limits and the conditions of the SEPA. Access to the SEPA is subject to a number of conditions precedent including the filing and effectiveness of a registration statement on Form S-1 covering the resale of the shares purchased under the SEPA (the “Registration Statement”), and various consents from the Company’s outstanding convertible noteholders (the “Noteholders”) and the holder (the “Series B Holder”) of the Company’s outstanding Series B Convertible Preferred Stock (the “Series B Stock”). The Company has entered into the following transactions on October 1, 202