Company: SLNH
Filing Date: 2025-09-26
Form Type: S-3
Source: 0001493152-25-015742
Chunk: 24

Company: Soluna Holdings, Inc
Filing Date: 2025-09-26
Form: S-3
Chunk 24
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arrants offered hereby has an initial exercise price per share of $0.0001 per share. The Pre-Funded Warrants became exercisable immediately upon issuance and will expire five years from the date of issuance. The exercise price and number of shares of common stock issuable upon exercise is subject to appropriate adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting our common stock and the exercise price.

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Exercisability

The Pre-Funded Warrants are exercisable, at the option of the holder, in whole or in part, by delivering a duly executed exercise notice accompanied by payment in full for the number of shares of our common stock purchased upon such exercise (except in the case of a cashless exercise as discussed below). Except as agreed with the holder of the Pre-Funded Warrant, the holder (together with its affiliates) may not exercise any portion of the Pre-Funded Warrant to the extent that the holder would own more than 9.99% of the outstanding common stock immediately after exercise, except that upon at least 61 days’ prior notice from the holder to us, the holder may increase the beneficial ownership limitation to a percentage not to exceed 9.99%.

Cashless Exercise

The Pre-Funded Warrants may also be exercised, in whole or in part, at the sole discretion of the holder , by means of a “cashless exercise” in which the holder shall be entitled to receive upon such exercise a number of shares of common stock equal to the quotient obtained according to a formula set forth in the Pre-Funded Warrants.

Fundamental Transaction

In the event of a fundamental transaction, as described in the Pre-Funded Warrants and generally including any reorganization, recapitalization or reclassification of our common stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of more than 50% of our outstanding common stock, or any person or group becoming the beneficial owner of more than 50% of the voting power represented by our outstanding common stock, the holder of the Pre-Funded Warrant will be entitled to receive upon exercise of the Pre-Funded Warrant the kind and amount of securities, cash or other property that the holders would have received had they exercised the Pre-Funded Warrant immediately prior to such fundamental transaction.

Transferability

Subject to applicable laws, the Pre-Funded Warrants may be transferred at the option of the