Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 213

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 213
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 approximately $ 8.5million outstanding as of December 31, 2023. The Company has approximately an $ 8.7million principle balance outstanding for the convertible debt as of December 31, 2023.

| F-29 |

Promissory Notes

The Company had issued six promissory notes in fiscal year 2023 to certain holders totaling an aggregate principal balance of $ 900thousand in which were issued in $ 300thousand increments on January 13, 2023, February 3, 2023, and February 10, 2023. Each of the promissory notes accrued at an interest rate of 15% per annum, and each note matured within nine months subsequent its issuance. On March 24, 2023, the Company issued to the holders of the promissory notes on January 13, 2023, 53,517shares of common stock in satisfaction of the repayment of $ 300thousand in principal plus accrued and unpaid interest of $ 9thousand and other charges thereon of $ 92thousand in which were included as part of interest expense, at the same price per share as the agreed upon share price conversion rate noted in relation to the December 5, 2022 SPA amendment on February 9, 2023, and approved during the Special Shareholders Meeting on March 10, 2023.

On April 4, 2023, the Company issued to the holders of the promissory notes on February 3, 2023 and February 10, 2023, 58,673shares of common stock in satisfaction of the February 3, 2023 promissory note and partial satisfaction of the February 10, 2023 promissory note a total repayment of $ 325thousand in principal plus accrued and unpaid interest of $ 10thousand and other charges thereon of $ 105thousand in which were included as part of interest expense, at the same price per share as the agreed upon share price conversion rate noted in relation to the December 5, 2022 SPA amendment on February 9, 2023, and approved during the Special Shareholders Meeting on March 10, 2023.

On May 5, 2023, June 2, 2023, and July 31, 2023 the Company paid the remaining principal balance of $ 275thousand plus interest of approximately $ 13thousand to