Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 143

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 143
---
USE OF PROCEEDS</div>

The Common Stock to be offered and sold using this prospectus will be offered and sold by the Selling Holders named in this prospectus. Accordingly, we will not receive any proceeds from any sale of shares of our Common Stock in this offering. However, we will receive proceeds from future advance requests under the SEPA. We intend to use the net proceeds from the SEPA to prepay existing convertible notes, other debt, investment in data center projects and for working capital and general corporate purposes. We will pay all of the fees and expenses incurred by us in connection with this registration.

| 87 |

<div align='center'>PLAN OF DISTRIBUTION</div>

The Selling Holders of the Common Stock and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all of their Common Stock covered hereby on Nasdaq or any other stock exchange, market or trading facility on which the Common Stock are traded or in private transactions. These sales may be at fixed or negotiated prices. Selling Holders may use any one or more of the following methods when selling the Common Stock:

| ● | ordinary                                                                                       
 brokerage transactions and transactions in which the broker-dealer solicits purchasers;        |
| ● | block                                                                                          
 trades in which the broker-dealer will attempt to sell the Common Stock as agent but may       
 position and resell a portion of the block as principal to facilitate the transaction;         |
| ● | purchases                                                                                      
 by a broker-dealer as principal and resale by the broker-dealer for its account;               |
| ● | an                                                                                             
 exchange distribution in accordance with the rules of the applicable exchange;                 |
| ● | 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