Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 24

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
  
     4,589  
     8,076 
  
    Equipment loan 
     -  
     -  
     - 
  
    Galaxy loan 
     636  
     3,756  
     4,392 
  
    Generate credit agreement 
     5,876  
     4,909  
     10,785 
  
    Total Debt 
    $9,999  
    $13,254  
    $23,253 

The
following table represents total debt outstanding by agreement as of December 31, 2024:

    (Dollars in thousands): 
    Current
    portion of debt  
    Long
    term debt  
    Total 
  
    Convertible Notes 
    $-  
    $-  
    $- 
  
    NYDIG financing 
     9,183  
     -  
     9,183 
  
    Navitas term loan 
     137  
     -  
     137 
  
    June 2024 secured note 
     3,922  
     7,061  
     10,983 
  
    July 2024 additional secured
    note 
     1,202  
     -  
     1,202 
  
    Total Debt 
    $14,444  
    $7,061  
    $21,505 

NYDIG
Financing

Schedule of Financing Debt

    (Dollars in thousands) 
    Maturity
    Dates 
    Interest
    Rate 
    January
    1, 2025- September 30, 2025  
    January
    1, 2024- December 31, 2024 
  
    NYDIG Loans #1-11 
    April 25, 2023 thru January 25, 2027*
                                                
    14% thru 16% 
    $9,183  
    $9,183 
  
    Less: repossession of collateralized assets 

     —  
     — 
  
    Gain on settlement of
    debt 

     (9,183) 
     — 
  
    Total outstanding debt 

    $—  
    $9,183 

    *
     
    Due
    to an event of default- the entire NYDIG