Company: SLNH
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001493152-25-026274
Chunk: 66

Company: Soluna Holdings, Inc
Filing Date: 2025-12-05
Form: 424B5
Chunk 66
---
 any profit on the resale of the securities by them may be deemed to be underwriting discounts and commissions under the Securities Act.

| 29 |

We will file a supplement to this prospectus, if required, pursuant to Rule 424(b) under the Securities Act, if we enter into any material arrangement with a broker, dealer, agent or underwriter for the sale of securities through a block trade, special offering, exchange distribution or secondary distribution or a purchase by a broker or dealer. Such prospectus supplement will disclose:

| ● | the                                                                                                                          
 name of any participating broker, dealer, agent or underwriter;                                                              |
| ● | the                                                                                                                          
 number and type of securities involved;                                                                                      |
| ● | the                                                                                                                          
 price at which such securities were sold;                                                                                    |
| ● | any                                                                                                                          
 securities exchanges on which such securities may be listed;                                                                 |
| ● | the                                                                                                                          
 commissions paid or discounts or concessions allowed to any such broker, dealer, agent or underwriter, where applicable; and |
| ● | other                                                                                                                        
 facts material to the transaction.                                                                                           |

In order to facilitate the offering of certain securities under this prospectus or an applicable prospectus supplement, certain persons participating in the offering of those securities may engage in transactions that stabilize, maintain or otherwise affect the price of those securities during and after the offering of those securities. Specifically, if the applicable prospectus supplement permits, the underwriters of those securities may over-allot or otherwise create a short position in those securities for their own account by selling more of those securities than have been sold to them by us and may elect to cover any such short position by purchasing those securities in the open market.

In addition, the underwriters may stabilize or maintain the price of those securities by bidding for or purchasing those securities in the open market and may impose penalty bids, under which selling concessions allowed to syndicate members or other broker-dealers participating in the offering are reclaimed if securities previously distributed in the offering are repurchased in connection with stabilization transactions or otherwise. The effect of these transactions may be to stabilize or maintain the market price of the securities at a level above that which might otherwise prevail in the open market. The imposition of a penalty bid may also affect the price of securities to the extent that it discourages resales of the securities. No representation is made as to the magnitude or effect of any such stabilization or other transactions. Such transactions, if commenced, may be discontinued at any time.

In order to comply with the securities laws