Company: SLNH
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001493152-25-026274
Chunk: 30

Company: Soluna Holdings, Inc
Filing Date: 2025-12-05
Form: 424B5
Chunk 30
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 agents or underwriters are involved in the sale of any of these securities, the applicable prospectus supplement will provide the names of the agents or underwriters and any applicable fees, commissions or discounts.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is April 29, 2025.</div>

<div align='center'>TABLE OF CONTENTS</div>

| ABOUT THIS PROSPECTUS                                |  1 |
| PROSPECTUS SUMMARY                                   |  2 |
| RISK FACTORS                                         |  8 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS |  9 |
| USE OF PROCEEDS                                      | 10 |
| THE SECURITIES WE MAY OFFER                          | 11 |
| DESCRIPTION OF CAPITAL STOCK                         | 12 |
| DESCRIPTION OF WARRANTS                              | 18 |
| DESCRIPTION OF DEBT SECURITIES                       | 19 |
| DESCRIPTION OF SUBSCRIPTION RIGHTS                   | 24 |
| DESCRIPTION OF UNITS                                 | 25 |
| FORMS OF SECURITIES                                  | 26 |
| PLAN OF DISTRIBUTION                                 | 28 |
| LEGAL MATTERS                                        | 32 |
| EXPERTS                                              | 33 |
| ADDITIONAL INFORMATION                               | 34 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE    | 35 |

<div align='center'>ABOUT THIS PROSPECTUS</div>

This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the “SEC”) using a “shelf” registration process. Under this shelf registration process, we may from time to time offer and sell, in one or more offerings, any or all of the securities described in this prospectus, separately or together, up to an aggregate offering price of $100,000,000. This prospectus provides you with a general description of the securities we may offer. When we issue securities pursuant to this prospectus, we will provide a prospectus supplement that will contain specific information about the terms of that offering. The prospectus supplement may also add, update or change information contained in this prospectus. You should read both this prospectus and any prospectus supplement together with additional information described under the heading “Additional Information” and “Incorporation of Certain Information by Reference.”

You may only