Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 127

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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, which consist of additions to property, plant, and equipment offset with transfers from
deposits on equipment, and $1.0 million deposit on equipment purchases. Net cash used in investing activities during the nine months
ended September 30, 2024 was approximately $7.7 million consisting mainly of capital expenditures of $3.7 million and deposits on
equipment purchases of $4.1 million.

Financing
Activities

    (Dollars in thousands) 
    Nine
                                            months ended September
                                            30, 

    2025  
    2024 

    Proceeds from debt issuance 
    $18,434  
    $14,470 
  
    Payments on debt and deferred financing costs 
     (6,938) 
     (2,261)
  
    Contributions from non-controlling interest 
     22,078  
     5,098 
  
    Distributions to non-controlling interest 
     (4,753) 
     (6,694)
  
    Proceeds from warrant exercises 
     9,455  
     2,330 
  
    Net proceeds from financing offering 
     4,364  
     - 
  
    Net proceeds from SEPA
    and ATM 
     28,975  
     - 
  
    Net
    cash provided by financing activities 
    $71,615  
    $12,943 

Net
cash provided by financing activities was approximately $71.6 million for the nine months ended September 30, 2025 consisting mainly
of $18.4 million of debt issuance proceeds, $29.0 million of net proceeds from SEPA draws and ATM Agreement settlements, net
proceeds of $4.4 million from the July financing offering, $9.5 million net proceeds from warrant exercises, and $22.1 million of
contributions from non-controlling interest, offset with cash distributions to non-controlling interest members of approximately
$4.8 million and payments on debt and deferred financing costs of approximately $6.9 million to the Green Cloud Secured Loan,
Generate debt issuance costs, Galaxy principal and deferred financing costs, CloudCo Additional Secured Loan, and the Navitas term
loan. Net cash provided by financing activities for the nine months ended September 30, 2024 was approximately $12.9 million
consisting mainly of proceeds from financing of approximately $14.5