Company: SLNH
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0001641172-25-006679
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Company: Soluna Holdings, Inc
Filing Date: 2025-04-29
Form: 8-K
Item: Item 1.01
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Item 1.01.      Entry into a Material Definitive Agreement.  

On April 29, 2025, Soluna Holdings, Inc.
(the “ Company”) entered into an At the Market Offering Agreement (the “ Agreement”) with H. C. Wainwright &
Co., LLC (“ Wainwright”), as sales agent, pursuant to which the Company may offer and sell, from time to time, through Wainwright,
up to $3.75 million of shares of its common stock, par value $0.001 per share (the “ Common Stock”).

The Company is not obligated to sell any shares under
the Agreement. Subject to the terms and conditions of the Agreement, Wainwright will use commercially reasonable efforts consistent with
its normal trading and sales practices, applicable state and federal law, rules and regulations and the rules of The Nasdaq Capital Market
(“ Nasdaq”) to sell shares from time to time based upon the Company’s instructions, including any price, time or size
limits specified by the Company. Upon delivery of a placement notice, and subject to the Company’s instructions in that notice,
and the terms and conditions of the Agreement generally, Wainwright may sell shares of Common Stock by any method permitted by law deemed
to be an “at the market offering” as defined by Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended. Wainwright’s
obligations to sell shares under the Agreement are subject to satisfaction of certain conditions, including customary closing conditions.

The Company will pay Wainwright a commission of 3.0%
of the aggregate gross proceeds from each sale of shares and has agreed to provide Wainwright with customary indemnification and contribution
rights. The Company has also agreed to reimburse Wainwright for certain specified expenses in connection with entering into the Agreement
in an amount not to exceed $50,000 in the aggregate, in addition to $3,500 per due diligence session update for Wainwright’s counsel’s
fees.

The shares of Common Stock will be offered and sold
pursuant to the Company’s effective shelf registration statement on Form S-3 (File No. 333-286638) filed by the Company with the
U. S. Securities and Exchange Commission (the “ SEC”) on April 18, 2024, and declared effective by the SEC on April 29, 2025,
and the accompanying base prospectus included therein, as supplemented