Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 286

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 286
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 The fair value associated with the 51,618warrants with non-Noteholders totaled approximately $ 386thousand. O n May 17, 2024, the Company permitted the holders of the Company’s Amended Class C Warrants, previously exercisable at $ 6per share, to exercise such warrants at a reduced exercise price of $ 4per share, provided that each such holder exercised at least 61.83% of their Amended Class C Warrants by the close of business on May 17, 2024. The Company also agreed to reduce the exercise price on all remaining Amended Class C Warrants.The adjustment in the exercise price, resulted in an additional deemed dividend which amounted to approximately $ 66thousand for the nine months ended September 30, 2024.

For the nine months ended September 30, 2024, 529,161of the Amended Class C warrants have been exercised by both the Noteholders and non-Noteholders, resulting in the issuance of 719,658shares of $ 0.01warrants, 846,657shares of $ 4.20warrants, and 846,657shares of $ 5.70warrants.

| F-64 |

The following table represents the significant fair value assumptions used for warrants issued or repriced during the nine months ended September 30, 2024:

Schedule of Fair Value Assumptions For Warrants Issued

|                         |     | Nine months ended  
 September 30, 2024 |                |   |
|:------------------------|:----|:-------------------|---------------:|:--|
| Stock price             |     | $                  |     2.88- 4.07 |   |
| Exercise price          |     | $                  |    0.01- 20.00 |   |
| Expected term in years  |     |                    |    2.68 – 8.77 |   |
| Expected dividend yield |     |                    |           0.00 | % |
| Volatility              |     |                    | 110.0 – 137.50 | % |
| Risk-free interest rate |     |                    |     4.28- 4.44 | % |

NYDIG financing

Schedule of Financing Debt

| (Dollars in thousands)                      
 NYDIG Loans #1-11                           |     | Maturity Dates                        
 April 25, 2023 thru January 25