Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 277

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 277
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 (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, the “October Warrants”) to purchase up to an aggregate of 1,776,073shares of common stock, at an initial exercise price of $ 12.50, $ 15and $ 18per share, respectively. The October Warrants are legally detachable and can be separately exercised immediately for five years upon issuance, subject to applicable Nasdaq rules.

On July 19, 2022 and on September 13, 2022, the Company entered an into an Addendum and Addendum Amendment which adjusted the terms such as maturity date,