Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 817

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 817
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 Financial Liabilities Carried at Fair Value

    (Dollars in thousands) 

    Balance, December 31, 2022 
    $12,254 
  
    Conversions of debt (January 2023- May 11 2023) 
     (1,344)
  
    Total revaluation losses 
     30 
  
    Extension fee 

    Balance, May 11, 2023 (date of Second Amendment) 
     10,940 
  
    Conversions of Debt (May 11, 2023-November 19, 2023) 
     (1,550)
  
    Total revaluation losses 
     1,569 
  
    Balance November 20, 2023 (date of Third Amendment) 
     10,959 
  
    Conversions of debt (November 20, 2023- December 31, 2023) 
     (3,069)
  
    Total revaluation losses 
     584 
  
    Balance December 31, 2023 
    $8,474 

    (Dollars in thousands) 

    Balance December 31, 2023 
    $8,474 
  
    Conversions of debt (January 1, 2024- February 28, 2024) 
     (550)
  
    Total revaluation gains 
     (409)
  
    Balance, February 28, 2024 (date of Fourth Amendment) 
     7,515 
  
    Financial liabilities , Beginning balance 
     7,515 

    Conversions of debt (March 1, 2024- December 31, 2024) 
     (8,451)
  
    Conversions of debt 
     (8,451)

    Total revaluation losses, net (March 1, 2024- December 31, 2024) 
     611 
  
    Total revaluation (gains) losses 
     611 

    Extension fee 
     325 
  
    Balance December 31, 2024 
    $- 
  
    Financial liabilities, Ending balance 
    $- 

On
December 12, 2024, the Company entered into an agreement with the remaining three Note Holders who held an outstanding principal balance
as December 12, 2024, pursuant to which the three remaining Note Holders elected to immediately