Company: SLNH
Filing Date: 2025-12-05
Form Type: 8-K
Source: 0001493152-25-026256
Chunk: 0

Company: Soluna Holdings, Inc
Filing Date: 2025-12-05
Form: 8-K
Item: Item 1.01
Chunk 0
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Item      Entry                                  

Registered
Direct Offering

On
December 4, 2025, Soluna Holdings, Inc. (the “ Company”) entered into a securities purchase agreement (the “ Purchase
Agreement”) with certain investors, pursuant to which the Company agreed to issue and sell to the investors in a registered direct
offering: (i) 5,929,944 shares (the “ Shares”) of the Company’s common stock, par value $0.001 per shares (“ Common
Stock”), (ii) pre-funded warrants (the “ Pre-Funded Warrants”) to purchase up to 12,149,200 shares of Common Stock,
and (ii) Series C Warrants (the “ Series C Warrants”) to purchase up to 18,079,144 shares of Common Stock (the “ Offering”).
The purchase price for each share of Common Stock and accompanying Series C Warrant sold in the Offering was $1.77.

The
Purchase Agreement contains customary representations, warranties and agreements of the Company and the investors and customary indemnification
rights and obligations of the parties. Pursuant to the terms of the Purchase Agreement, the Company has agreed to certain restrictions
on the issuance and sale of the Shares and securities convertible or exercisable into shares of Common Stock for a period of 90 days
following the closing of the Offering, subject to certain exceptions. The Company has also agreed to certain restrictions on engaging
in a “variable rate transaction” (as defined in the Purchase Agreement) for a period of six
months following the closing of the Offering,
subject to an exception.

The
Offering is being made pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-286638), previously filed
with the Securities and Exchange Commission (the “ SEC”) on April 18, 2025 and declared effective by the SEC on April 29,
2025, the related base prospectus dated April 29, 2025 and the prospectus supplement to be filed with the SEC (the “ Prospectus
Supplement”).

H. C.
Wainwright & Co., LLC (the “ Placement Agent” or “ Wainwright”) is acting as placement agent in connection
with the Offering.

The
Company expects to receive gross proceeds of approximately $32 million from the Offering, before deducting placement agent fees and other
estimated offering expenses payable by the Company. The Company intends to use the proceeds of the Offering for working capital, project-level