Company: SLNH
Filing Date: 2025-10-16
Form Type: S-3/A
Source: 0001493152-25-018322
Chunk: 16

Company: Soluna Holdings, Inc
Filing Date: 2025-10-16
Form: S-3/A
Chunk 16
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 includes the securityholder listed in the table below and its permitted transferees.

The Warrants held by the Selling Stockholder contains limitations which prevent the Selling Stockholder from exercising such Warrants if such exercise would cause the Selling Stockholder, together with certain related parties, to beneficially own a number of shares of common stock which would exceed 9.99% of our then outstanding shares of common stock following such exercise, excluding for purposes of such determination, shares of common stock issuable upon exercise of the Warrants which have not been exercised.

The table below sets forth, as of September 17, 2025, the following information regarding the Selling Securityholder:

| ● | the                                                                                              
 name of the Selling Securityholder;                                                              |
| ● | the                                                                                              
 number of shares of common stock and Warrants owned by the Selling Securityholder prior to       
 this offering, without regard to any limitations on exercises;                                   |
| ● | the                                                                                              
 number of shares of common stock and Warrants to be offered by the Selling Securityholder        
 in this offering;                                                                                |
| ● | the                                                                                              
 number of shares of common stock and Warrants to be owned by the Selling Securityholder assuming 
 the sale of all of the Warrant Shares and Warrants covered by this prospectus; and               |
| ● | the                                                                                              
 percentage of our issued and outstanding shares of common stock and Warrants to be owned         
 by the Selling Securityholder assuming the sale of all of the Warrant Shares and Warrants        
 covered by this prospectus, based on the number of shares of our common stock and Warrants       
 issued and outstanding as of September 17, 2025.                                                 |

Except as described otherwise, the number of shares of common stock and Warrants beneficially owned by the Selling Securityholder has been determined in accordance with Rule 13d-3 under the Exchange Act and includes, for such purpose, shares of common stock and Warrants that the Selling Securityholder has the right to acquire within 60 days of September 17, 2025.

| 11 |

All information with respect to the common stock ownership of the Selling Securityholder has been furnished by or on behalf of the Selling Securityholder. We believe, based on information supplied by the Selling Securityholder, that except as may otherwise be indicated in the footnotes to the table below, the Selling Securityholder has sole voting and dispositive power with respect to the shares of common stock and Warrants reported as beneficially owned by the Selling Securityholder. Because the Selling