Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 24

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 24
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In the case of an Advance Notice effected under the
SEPA, if any, all share and dollar amounts used in determining the purchase price per share of Common Stock to be purchased by in an Advance,
or in determining the applicable maximum purchase share amounts or applicable volume or price amounts in connection with any such Advance,
in each case, will be equitably adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split
or other similar transaction occurring during any period used to calculate such per share purchase price, maximum purchase share amounts
or applicable volume or price amounts.

Conditions Precedent to the Right of the Company to Deliver an Advance Notice

The Investor’s obligation to accept Advance
Notices that are timely delivered by us under the SEPA and to purchase shares of our Common Stock in Advances under the SEPA, are subject
to satisfaction of the conditions precedent thereto set forth in the SEPA, all of which are entirely outside of the Investor’s control,
which conditions include the following:

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 ● 
 ● | the accuracy in all material respects of the representations and warranties of the Company included in the SEPA as of the Advance Notice Date;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 the Company having paid the cash commitment fee or issued the Commitment Shares to an account designated by the Investor;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 the registration statement that includes this prospectus (and any one or more additional registration statements filed with the SEC that include shares of Common Stock that may be issued and sold by the Company to the Investor under the SEPA) having been declared effective under the Securities Act by the SEC, and the Investor being able to utilize this prospectus (and the prospectus included in any one or more additional registration statements filed with the SEC under the Registration Rights Agreement entered into between the Company and the Investor on August 12, 2024 (the “Registration Rights Agreement”)) to resell all of the shares of Common Stock included in this prospectus (and included in any such additional prospectuses); |
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| ● | the Company obtaining all permits and qualifications required by any applicable state for the offer and sale of all shares of Common Stock issuable pursuant to such Advance Notice, or will have the availability of exemptions therefrom;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| ● | the Board of Directors approving the transactions contemplated by the SEPA and Registration Rights Agreement, which approval will remain in full force;