Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 182

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 182
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, including    
 the time value of money, yield curves, volatility factors, as well as other relevant economic measures.                                   |
| Level 
 3:    | These                                                                                                                                     
 use unobservable inputs that are not corroborated by market data. These values are generally estimated based upon methodologies utilizing 
 significant inputs that are generally less observable from objective sources.                                                             |

The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

On October 25, 2021, pursuant to a securities purchase agreement dated October 20, 2021 (the “SPA), the Company issued to certain accredited investors Class A, Class B and Class C common stock purchase warrants (collectively, the “Warrants”) to purchase up to an aggregate of 71,043shares of common stock (the “Warrant Shares”), at an exercise price $ 312.50, $ 375and $ 450per share, respectively. The Warrants were considered freestanding equity-classified instruments due to their detachable and separately exercisable features and meet the indexation criteria within derivative accounting. Accordingly, the Warrants were presented as a component of Stockholders’ Equity in accordance with derivative accounting.

As noted in Note 9, the Company entered into an Addendum and Addendum Amendment in which the Company surrendered their Class B and Class C warrants in July and September 2022, in exchange for Class D common stock purchase warrants at an exercise price of $ 87.50per share, Class E common stock purchase warrants of common stock at an exercise price of $ 112.50per share, Class F common stock purchase warrants of common stock at an exercise price of $ 137.50per share, and Class G common stock purchase warrants of common stock at an exercise price of $ 187.50, in which had fair values to be determined at $ 56.00for Class D, $ 54.50for Class E, $ 53.25for Class F, and $ 52.00for Class G, respectively. In connection with the Second Amendment on May 11, 2023, the Company also issued 240,000new Class A warrants exercisable at $ 12.50and 80,000new Class B warrants exercisable at $ 20.00. The fair value of the