Company: SLNH
Filing Date: 2025-09-26
Form Type: S-3
Source: 0001493152-25-015742
Chunk: 8

Company: Soluna Holdings, Inc
Filing Date: 2025-09-26
Form: S-3
Chunk 8
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 Lender entered into the Credit Agreement. In connection with the Credit Agreement, the Company issued the Warrants to the Selling Securityholder. For additional information, see “Private Placement” on page 8 of this prospectus.

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Chief Financial Officer Resignation and Appointment

On August 5, 2025, John Tunison, the Company’s Chief Financial Officer, notified the Company that, effective August 21, 2025, he will resign from his position as Chief Financial Officer and Treasurer of the Company.In connection with Mr. Tunison’s resignation, on August 8, 2025, David C. Michaels, a member of the Company’s Board of Directors, was appointed as the Company’s interim Chief Financial Officer and Treasurer, effective August 21, 2025.

Project Kati Financing

On July 22, 2025, the Company closed a $20 million round of financing from Spring Lane Capital for a 35 megawatt (MW) expansion of Project Kati in Texas with Project Kati 1. The funds will be used for the construction of Project Kati 1 beginning in the third quarter of 2025.

July 2025 Public Offering

On July 15, 2025, the Company entered into a securities purchase agreement with the purchasers signatory thereto, pursuant to which the Company sold in a public offering (the “July 2025 Offering”) an aggregate of (i) 8,794,544 shares of Common Stock; (ii) pre-funded warrants to purchase 296,365 shares of Common Stock; (iii) Series A warrants (the “Series A Warrants”) to purchase 9,090,909 shares of Common Stock; and (iv) Series B warrants to purchase 9,090,909 shares of Common Stock.

Each share of common stock or pre-funded warrant was sold together with one Series A Warrant to purchase one Share and one Series B Warrant to purchase one share of common stock. The combined public offering price for each share of common stock (or pre-funded warrant) and accompanying Series A Warrant and Series B Warrant was $0.55. The pre-funded warrants have an exercise price of $0.001 per share, are exercisable immediately upon issuance and will expire when exercised in full. Each Series A Warrant and Series B Warrant has an exercise price of $0.55 per share and is exercisable immediately upon issuance. The Series A Warrants will expire on the five-year anniversary