Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 276

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 276
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 value of the warrant liability as of the date of the shareholder approval (May 30, 2024), in connection with its loss on revaluation of the warrant of approximately $ 1.6million.

Pursuant to additional agreements with holders of another 51,618outstanding warrants, similar adjustments with those warrants, resulted in a total adjustment to 530,569warrants. As the 51,618warrants were not with the Noteholders, the treatment of $ 6.00repriced warrants was recorded as a deemed dividend and adjusted the Company’s earnings per share calculation noted in Footnote 9 for the nine months ended September 30, 2024. The fair value associated with the 51,618warrants with non-Noteholders totaled approximately $ 386thousand. O n May 17, 2024, the Company permitted the holders of the Company’s Amended Class C Warrants, previously exercisable at $ 6per share, to exercise such warrants at a reduced exercise price of $ 4per share, provided that each such holder exercised at least 61.83% of their Amended Class C Warrants by the close of business on May 17, 2024. The Company also agreed to reduce the exercise price on all remaining Amended Class C Warrants.The adjustment in the exercise price, resulted in an additional deemed dividend which amounted to approximately $ 66thousand for the nine months ended September 30, 2024.

For the nine months ended September 30, 2024, 529,161of the Amended Class C warrants have been exercised by both the Noteholders and non-Noteholders, resulting in the issuance of 719,658shares of $ 0.01warrants, 846,657shares of $ 4.20warrants, and 846,657shares of $ 5.70warrants.

| F-64 |

The following table represents the significant fair value assumptions used for warrants issued or repriced during the nine months ended September 30, 2024:

Schedule of Fair Value Assumptions For Warrants Issued

|                         |     | Nine months ended  
 September 30, 2024 |                |   |
|:------------------------|:----|:-------------------|---------------:|:--|
| Stock price             |     | $                  |     2.88- 4.07 |   |
| Exercise price          |     | $                  |    0