Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 3135

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 3135
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     1,202  
     -  
     1,202 
  
    Total Debt 
    $-  
    $14,444  
    $7,061  
    $21,505 

The
following table represents total debt outstanding by agreement as of December 31, 2023:

    (Dollars in thousands): 
    Convertible notes payable  
    Current portion of debt  
    Long term debt  
    Total 
  
    Convertible Notes 
    $8,474  
    $-  
    $-  
    $8,474 
  
    NYDIG financing 
     -  
     9,183  
     -  
     9,183 
  
    Navitas term loan 
     -  
     1,681  
     -  
     1,681 
  
    Total Debt 
    $8,474  
    $10,864  
    $-  
    $19,338 

Convertible
Notes

Debt
consists of the following

 Schedule of Debt

    (Dollars in thousands): 
    Maturity Date 
    Interest Rate  
    December 31, 2024  
    December 31, 2023 
  
    Convertible Note 
    January 24, 2025** 
     *18% 
    $-  
    $8,474 

    *
    Default
    interest was waived on March 10, 2023, and no further default interest applied on the Convertible Note for the remainder of the year.

    **January 24, 2025 was the amended
maturity date, however, as noted below, the Convertible Notes were converted in advance of maturity date and are no longer outstanding.

     F-23 

On
October 25, 2021, pursuant to a Securities Purchase Agreement (the “October SPA”),
the Company issued to certain accredited investors (the “Noteholders”) (i) secured convertible notes in an aggregate principal
amount of $16.3 million for an aggregate purchase price of $15 million (collectively, the “October Secured Notes”), which
were, subject to certain conditions, convertible at any time by the investors, into an aggregate of 1,776,073 shares of the Company’s
common stock, at a price per share of $