Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 259

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 259
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 |     |                    |       - |   |     |      |    7,851 |   |
| Income tax benefit from discontinued                                                         
 operations                                                                                   |     |                    |       - |   |     |      |       70 |   |
| Net income from discontinued operations                                                      |     |                    |       - |   |     |      |    7,921 |   |
| Net loss                                                                                     |     |                    | (27,703 | ) |     |      |  (99,095 | ) |
| (Less) Net income (loss) attributable to non-controlling                                     
 interest                                                                                     |     |                    |   1,498 |   |     |      |     (380 | ) |
| Net loss attributable to Soluna Holdings, Inc.                                               |     | $                  | (29,201 | ) |     | $    |  (98,715 | ) |
| Capital expenditures                                                                         |     |                    |  12,705 |   |     |      |   63,684 |   |
| Depreciation and amortization                                                                |     |                    |  13,376 |   |     |      |   28,214 |   |

| F-49 |

20. Subsequent Events

Convertible Debt Fourth Amendment Agreement

On February 28, 2024 the Company and the Purchasers entered into a Fourth Amendment Agreement to amend the Notes, SPA and related agreements (collectively, the “Transaction Documents”) to facilitate future financings by the Company by amending the Transaction Documents as follows:

The Company shall be permitted undertake at-the-market transactions in the future provided:

| ● | No                                                                          
 Event of Default shall have occurred and be continuing under the Notes; and |

| ● | The                                                                                            
 market price of the shares of common stock shall be at least the At-the-Market (“ATM”)         
 Floor Price. ATM Floor Price means $10 per share initially, which is reduced to $8 per share   
 six months after the ATM is effective and $6 per share 12 months after the after the effective 
 date of the ATM.                                                                               |

In addition, the Company will be permitted to unilaterally extend the maturity date of the Notes for two 3-Month extensions if prior to the then in effect maturity date the Company gives notice to the Purchasers and increases the principal amount of the Notes on the date of each such extension by two percent ( 2%) the principal amount of the Notes outstanding on