Company: SLNH
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001493152-25-021949
Chunk: 20

Company: Soluna Holdings, Inc
Filing Date: 2025-11-12
Form: 424B3
Chunk 20
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Our common stock is currently listed on Nasdaq under the symbol “SLNH.”

Common Warrants

The following summary of certain terms and provisions of the Common Warrants that is being registered hereby is not complete and is subject to, and qualified in its entirety by, the provisions of the Common Warrants, the form of which is filed as an exhibit to the registration statement of which this prospectus forms a part. Prospective investors should carefully review the terms and provisions of the form of Common Warrant for a complete description of the terms and conditions of the Common Warrants.

Duration and Exercise Price

Each Common Warrant offered hereby has an initial exercise price per share equal to $1.18 per share. The Common 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.

Exercisability

The Common 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 at any time a registration statement registering the resale or other disposition of the shares of common stock underlying the Common Warrants under the Securities Act is effective and available for such shares, or an exemption from registration under the Securities Act is available for such shares (except in the case of a cashless exercise as discussed below). Except as agreed with the holder of the Common Warrant, the holder (together with its affiliates) may not exercise any portion of the Common 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

If at any time after the six (6) month anniversary of the issuance date, there is no effective registration statement registering, or the prospectus contained therein is not available for the resale of the Common Warrant Shares by the holder, the Common Warrants may also be exercised, in whole or in part and at the sole discretion of the holder, at such time by means of a “cashless exercise” in which the holder shall be entitled to receive upon such exercise a number