Company: SLNH
Filing Date: 2025-06-16
Form Type: S-1/A
Source: 0001641172-25-015179
Chunk: 41

Company: Soluna Holdings, Inc
Filing Date: 2025-06-16
Form: S-1/A
Chunk 41
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the terms of any of these lock-up agreements. In addition, we have agreed to not issue any securities that are subject to a price reset
based on trading prices of our common stock or upon a specified or contingent event in the future, or enter into an agreement to issue
securities at a future determined price, until the date that is six (6) months following the closing date of the offering, subject
to exceptions. The placement agent may, in its sole discretion and without notice, waive the terms of this prohibition.

Transfer Agent and Registrar

The transfer agent for our common stock is Equiniti
Trust Company, LLC (the “Transfer Agent”) (formerly: American Stock Transfer & Trust Company, LLC). The Transfer Agent’s
address is 48 Wall Street, 23rd Floor, New York, NY 10005.

National Securities Exchange Listing

Our common stock is currently listed on Nasdaq
under the symbol “SLNH.” On June 12, 2025, the closing price per share of our common stock was $0.6448.

Indemnification

We have agreed to indemnify the placement agent
against certain liabilities, including certain liabilities arising under the Securities Act and liabilities arising from breaches of representations
and warranties contained in our engagement letter with the placement agent. We have also agreed to contribute to payments that the placement
agent may be required to make for these liabilities.

In addition, we will indemnify the purchasers
of securities in this offering against liabilities arising out of or relating to (i) any breach of any of the representations, warranties,
covenants or agreements made by us in the securities purchase agreement or related documents or (ii) any action instituted against a purchaser
by a third party (other than a third party who is affiliated with such purchaser) with respect to the securities purchase agreement or
related documents and the transactions contemplated thereby, subject to certain exceptions.

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Regulation M

The placement agent may be deemed to be an underwriter
within the meaning of Section 2(a)(11) of the Securities Act and any fees received by it and any profit realized on the sale of the securities
by it while acting as principal might be deemed to be underwriting discounts or commissions under the Securities Act. The placement agent
will be required to comply with the requirements of the Securities Act and the Exchange Act, including, without limitation, Rule 10b-5
and Regulation M under the Exchange Act. These rules and regulations may limit the timing