Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 323

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 323
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asers and two other parties introduced by that Purchaser (together, the “Assignors”), with respect to an aggregate of $ 1.25million of notes issued by CloudCo. Pursuant to the Assignment Agreements, the Company purchased such notes for a purchase price of $ 750thousand, or 60% of face value.

Agreements with Series B Holder

The Company entered into Amendment No. 1 (the “Amendment”) on October 1, 2024 to the securities purchase agreement with the Series B Holder, pursuant to which the Series B Holder agreed to waive its right of first refusal and participation rights with respect to the SEPA, to modify its consent rights to future financings, and to limit warrant exercises and conversions in accordance with the terms of the Amendment. In return, the Company agreed to amend the conversion price of the Series B Stock from $ 135.25to $ 5, to amend the exercise of price of outstanding warrants held by the Series B Holder to $ 0.01per share, and to issue an additional 140,000 five-year warrants with an exercise price of $ 0.01per share.

| F-82 |

<div align='center'>Up to 3,508,024 shares of Common Stock

PRELIMINARY PROSPECTUS

, 2025</div>

<div align='center'>PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 13. Other Expenses of Issuance and Distribution.

The following table indicates the expenses to be incurred in connection with the offering described in this registration statement, other than underwriting discounts and commissions, all of which will be paid by us. All amounts are estimated except the SEC registration fee.

|                                                     |     | Amount |        |
|:----------------------------------------------------|:----|:-------|-------:|
| Securities and Exchange Commission registration fee |     | $      |  1,713 |
| Accountants’ fees and expenses                      |     | $      | 15,000 |
| Legal fees and expenses                             |     | $      | 15,000 |
| Miscellaneous                                       |     | $      |  2,000 |
| Total Expenses                                      |     | $      | 33,713 |

Item 14. Indemnification of Directors and Officers.

Section 78.138 of the NRS provides that, unless the corporation’s Articles provide otherwise, a director or officer will not be individually liable unless the presumption that it