Company: SLNH
Filing Date: 2025-10-27
Form Type: S-1
Source: 0001493152-25-019770
Chunk: 18

Company: Soluna Holdings, Inc
Filing Date: 2025-10-27
Form: S-1
Chunk 18
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 of our common stock outstanding on October 22, 2025.

(3)The registered holder of such shares is Northland Securities, Inc. As control person of such shares, David Altshuler may be deemed to possess voting and dispositive power over the shares. The address of the Selling Stockholder is c/o Dinse P.C., 209 Battery Street, P.O. Box 988, Burlington, Vermont 05402-0988.

(4)Includes: (i) 1,000,000 Common Shares, and (ii) up to 2,500,000 Conversion Shares.

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<div align='center'>USE OF PROCEEDS</div>

The common stock to be offered and sold using this prospectus will be offered and sold by the Selling Stockholder named in this prospectus. We will not receive any proceeds from any sale of the Conversion Shares in this offering. The net proceeds from dispositions of the Common Shares (i) at a price of up to $4.00 per share, shall be applied to reduce the outstanding principal balance of the Note, and (ii) at a price greater than $4.00 per share, shall be applied first to reduce the outstanding principal balance of the Note in an amount equal to $4.00 per share of our common stock and then to the Selling Stockholder. We will pay all of the fees and expenses incurred by us in connection with this registration.

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<div align='center'>PLAN OF DISTRIBUTION</div>

The Selling Stockholder of the common stock and any of its pledgees, assignees and successors-in-interest may, from time to time, sell any or all of its common stock covered hereby on Nasdaq or any other stock exchange, market or trading facility on which the common stock are traded or in private transactions. These sales may be at fixed or negotiated prices. The selling stockholder may use any one or more of the following methods when selling the common stock:

| ● | ordinary brokerage transactions and transactions in which the                                                            
 broker-dealer solicits purchasers;                                                                                       |
| ● | block trades in which the broker-dealer will attempt to sell                                                             
 the common stock as agent but may position and resell a portion of the block as principal to facilitate the transaction; |
| ● | purchases by a broker-dealer as principal and resale by the                                                              
 broker-dealer for its account;                                                                                           |
| ● | an exchange distribution in accordance with the rules of the                                                             
 applicable exchange