Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 19

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 19
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 participation rights in connection with the SEPA ;  |
| ● | standstill                                                                            
 of the rights to exercise certain $0.01warrants pursuant to the SPA;                  |
| ● | the                                                                                   
 right to prepay the convertible notes with a 20% premium;                             |
| ● | termination                                                                           
 of the SPA and related agreements upon the full payoff of the convertible notes; and  |
| ● | mutual                                                                                
 limited release of claims between the Purchasers and the Company.                     |

In return for these consents, the Company agreed to pay the Purchaser agents a $750,000 fee for the right to prepay the Notes.

Payment Agreements

The Company entered into payment agreements with the Purchasers in connection with the SEPA (the “Payment Agreements”), pursuant to which the Company and the Purchasers agreed to permit the full or partial prepayment of any outstanding convertible note balances held by the Purchasers at any time with five business days’ notice.

Agreements with Series B Holder

The Company entered into Amendment No. 1 (the “Amendment”) to the securities purchase agreement with the Series B Holder, pursuant to which the Series B Holder agreed to waive its right of first refusal and participation rights with respect to the SEPA, to modify its consent rights to future financings, and to limit warrant exercises and conversions in accordance with the terms of the Amendment. In return, the Company agreed to amend the conversion price of the Series B Preferred Stock from $135.25 to $5, to amend the exercise of price of outstanding warrants held by the Series B Holder to $0.01 per share, and to issue the Warrants.

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<div align='center'>RISK FACTORS</div>

An investment in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider carefully the risks and uncertainties described below, together with other information in this prospectus. If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could suffer materially. In such an event, the trading price of our shares of Common Stock could decline, and you might lose all or part of your investment.

Summary Risk Factors

Risks Relating to the Company and its Growth Strategy

| ● | The                                                                                                
 Company’s ability to operate as a going concern is in doubt.                                       |
| ● | We                                                                                                 
 may not be able to refinance, extend or repay our substantial indebtedness owed to our note