Company: SLNH
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001641172-25-012098
Chunk: 51

Company: Soluna Holdings, Inc
Filing Date: 2025-05-22
Form: S-1
Chunk 51
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 out of their services as one of our directors or executive officers or any other company or
enterprise to which the person provides services at our request.

We maintain a directors’ and officers’
insurance policy pursuant to which our directors and officers are insured against liability for actions taken in their capacities as directors
and officers. We believe these provisions in the Bylaws and these indemnification agreements are necessary to attract and retain qualified
persons as directors and officers.

Item 15. Recent Sales of Unregistered Securities.

On July 19, 2022, we issued to an accredited investor (i) 62,500 shares of Series B Preferred Stock, and (ii) warrants to purchase up to an aggregate of 1,000,000 shares of common stock (the “July 2022 Warrants”). The shares of Series B Preferred Stock and the July 2022 Warrants were issued without registration under the Securities Act, based on the exemption from registration afforded by Section 4(a)(2) of the Securities Act and/or Rule 506 promulgated thereunder.

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On September 13, 2022, we and the purchasers (the
“October 2021 Purchasers”) listed in the Securities Purchase Agreement dated October 25, 2021 (the “October 2021 SPA”),
entered into an agreement (the “Addendum Amendment”) further amending the Addendum, dated July 19, 2022, pursuant to which,
among other things, we issued to the October 2021 Purchasers 430,564 shares of common stock (“New Shares”) in exchange for
Class B warrants issued in connection with the October 2021 SPA, and Class D warrants to purchase up to an aggregate of 1,000,000 shares of common stock , Class E common stock purchase warrants to purchase up to an aggregate of 1,000,000 shares of common stock , Class F common stock purchase warrants to purchase up to an aggregate of 1,000,000 shares of common stock , and Class G common stock purchase warrants to purchase up to an aggregate of 1,000,000 shares of common stock (together, the “New Warrants”). The New Shares and
the New Warrants were issued without registration under the Securities Act, based on the exemption from registration afforded by Section
4(a)(2) of the Securities Act and/or Rule 506 promulgated thereunder.

On December 2, 2022, we entered into a placement
agency