Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 106

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 106
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   |                 28,086 |   |     |   |                18,536 |   |     |   |         47,372 |   |
| Loss (gain) on debt extinguishment and revaluation, net |                        |   |                  - |   |     |   |                 - |   |     |   |                 12,317 |   |     |   |                (1,187 | ) |     |   |         11,130 |   |
| Impairment on equity investment                         |                        |   |                  - |   |     |   |                 - |   |     |   |                    750 |   |     |   |                     - |   |     |   |            750 |   |
| Adjusted EBITDA                                         |                        | $ |                853 |   |     | $ |               296 |   |     | $ |                 (3,600 | ) |     | $ |                (2,129 | ) |     | $ |         (4,580 | ) |

| 64 |

Liquidity and Capital Resources

Based on business developments, including changes in production levels, staffing requirements, and network infrastructure improvements, we will require additional capital equipment in the foreseeable future. The Company is focused on developing and monetizing green, zero-carbon computing and cryptocurrency mining facilities, as well as facilities capable of hosting customers engaged in cryptocurrency mining, and data centers to provide specialized AI Cloud and colocation services.

We plan to continue funding operations from our current cash position and our projected 2024 cash flows pursuant to management’s plans. If necessary, we may also seek to supplement our resources by increasing credit facilities to fund operational working capital and capital expenditure requirements. We expect to fund growth, including additional development and buildouts of data centers and its AI initiative through project-level capital raising and equity sale activities, to the extent that we can successfully raise capital through sales of additional debt or equity securities, as well as a variety of project specific funding options. Any additional financing, if required, may not be available to us on acceptable terms or not at all. On August 12, 2024, the Company entered into the SEPA with in which YA has agreed to purchase up to $25 million 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. On October 1, 2024, the Company