Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 0

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 0
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Filed Pursuant to Rule 424(b)(3) Registration No. 333-282559

PROSPECTUS

<div align='center'>Up to 3,508,024 Shares of Common Stock</div>

This prospectus relates to the offer and resale, from time to time, by the selling holders identified in this prospectus (the “Selling Holders”), or their permitted transferees, of up to 3,508,024 shares of common stock, par value $0.001 (“Common Stock”), of Soluna Holdings, Inc., a Nevada corporation (the “Company,” “We,” or “Us”). These shares of Common Stock consist of:

| ● | 3,000,000                                                                                                                            
 shares of Common Stock  that we may, at our discretion, elect to issue and sell to YA II PN, Ltd. (the                               
 “Investor”) from time to time after the date of this prospectus, pursuant to the Standby Equity Purchase Agreement, dated            
 as of August 12, 2024, entered into by and between the Company and the Investor (the “SEPA”);                                        |
| ● | 59,382 shares of Common Stock (the “Commitment                                                                                       
 Shares”) issued to the Investor as consideration for its irrevocable commitment to purchase shares of Common Stock at our direction, 
 from time to time after the date of this prospectus, upon the terms and subject to the conditions set forth in the SEPA;             |
| ● | 140,000 shares of Common Stock issuable upon                                                                                         
 the exercise of the warrants (the “Warrants”) issued to Chuntao Zhou (the “Series B Holder”), the holder                             
 of our Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”); and                        |
| ● | 308,642                                                                                                                              
 shares of Common Stock (the “Release Shares”) issued to the two other Selling Holders pursuant to                                    
 the Release Agreement (as defined below).                                                                                            |

Pursuant to the terms of the SEPA, the Company agreed to issue and sell to the Investor, from time to time, and the Investor agreed to purchase from the Company, up to $25 million of the Company’s shares of Common Stock.

The Warrants were issued to the Series B Holder on October 1, 2024, pursuant to the waiver it granted the Company in connection with the SEPA. The Warrants have an exercise price