Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 34

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 34
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 privately negotiated transactions;                                                                                                                                                    |
| ● | in transactions through broker-dealers that agree with the Selling Holders to sell a specified number of such Common Stock at a stipulated price per share;                           |
| ● | through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;                                                         |
| ● | a combination of any such methods of sale; or                                                                                                                                         |
| ● | any other method permitted pursuant to applicable law.                                                                                                                                |

The Selling Holders may also sell the Common Stock
under Rule 144 or any other exemption from registration under the Securities Act, if available, rather than under this prospectus.

Northland Securities, Inc. acted as placement agent
in connection with the SEPA and was entitled to receive a commission on funds received by the Company under the SEPA. Pursuant to an amendment
to its engagement letter with the Company, Northland agreed to waive any and all commissions in connection with the SEPA.

Univest is a FINRA-registered broker dealer, and Bradley
Richmond is a FINRA-registered broker and is an employee of and affiliated with Univest. The shares were issued to Univest and Bradley
Richmond pursuant to the Release Agreement in connection with investment banking services Univest had previously provided to the Company.

If any underwriters, dealers or agents are involved
in the sale of any of the securities, their names and any applicable purchase price, fee, commission or discount arrangement between or
among them will be set forth, or will be calculable from the information set forth, in a post-effective amendment to the registration
statement of which this prospectus forms a part.

The Investor is an “underwriter” within
the meaning of Section 2(a)(11) of the Securities Act, and any profits on the sales of shares of our Common Stock by the Investor and
any discounts, commissions, or concessions received by the Investor are deemed to be underwriting discounts and commissions under the
Securities Act. We will file a post-effective amendment to the registration statement of which this prospectus forms a part to identify
the name of any permitted transferee of the Investor and such permitted transferee will be named an underwriter with respect to the shares
offered by this prospectus.

We are required to pay certain fees and expenses incurred
by us incident to the registration of the Common Stock. We have agreed to indemnify the Selling Holders against certain losses, claims,
damages and liabilities, including certain liabilities