Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 27

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 27
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 materially and adversely affect our financial condition, results of operations, business
and prospects.

| 14 |

<div align='center'>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

Except for historical information, this prospectus
and the documents incorporated by reference in this prospectus contain, forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 under Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking
statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates,
intentions and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control,
and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements
expressed or implied by such forward- looking statements. All statements other than statements of historical fact are statements that
could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,”
“can,” “anticipate,” “assume,” “should,” “indicate,” “would,”
“believe,” “contemplate,” “expect,” “seek,” “estimate,” “continue,”
“plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,”
“potential” and other similar words and expressions of the future.

There are a number of important factors that could
cause the actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include,
but are not limited to:

| ● | the availability of financing opportunities, risks associated with economic conditions, dependence on management and conflicts of interest; |
| ● | the ability to service debt obligations and maintain flexibility in respect of debt covenants;                                              |
| ● | economic dependence on regulated terms of service and electricity rates;                                                                    |
| ● | the speculative and competitive nature of the technology sector;                                                                            |
| ● | our ability to attract and retain hosted customers for our hosting operations;                                                              |
| ● | dependency in continued growth in blockchain and cryptocurrency usage;                                                                      |
| ● | lawsuits and other legal proceedings and challenges;                                                                                        |
| ● | conflict of interests with directors and management;                                                                                        |
| ● | government regulations;                                                                                                                     |
| ● | our ability to construct and complete the anticipated expansion of our data centers; and                                                    |
| ●