Company: SLNH
Filing Date: 2025-07-18
Form Type: SCHEDULE 13G
Source: 0001213900-25-065800
Chunk: 0

Company: Soluna Holdings, Inc
Filing Date: 2025-07-18
Form: SCHEDULE 13G
Chunk 0
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 warrant to be issued to Intracoastal at the closing of the transaction contemplated by the SPA ("Intracoastal Warrant 1"), and all such shares of Common Stock represent beneficial ownership of approximately 9.99% of the Common Stock, based on (1) 18,215,531 shares of Common Stock outstanding as of June 12, 2025, as reported by the Issuer, plus (2) 1,818,182 shares of Common Stock to be issued to Intracoastal at the closing of the transaction contemplated by the SPA and (3) 203,517 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes (I) 1,614,665 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1 because Intracoastal Warrant 1 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 9.99% of the Common Stock and (II) 1,818,182 shares of Common Stock issuable upon exercise of a second warrant to be issued to Intracoastal at the closing of the transaction contemplated by the SPA ("Intracoastal Warrant 2") because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 9.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 5,454,546 shares of Common Stock. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (ii)  As of the close of business on July 18, 2025, each of the Reporting Persons may have been deemed to have beneficial ownership of 2,997,785 shares of Common Stock, which consisted of (i) 1,818,182 shares of Common