Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 253

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 253
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 per share initially, which is reduced to $8 per share   
 six months after the ATM is effective and $6 per share 12 months after the after the effective 
 date of the ATM.                                                                               |

In addition, the Company will be permitted to unilaterally extend the maturity date of the Notes for two 3-Month extensions if prior to the then in effect maturity date the Company gives notice to the Purchasers and increases the principal amount of the Notes on the date of each such extension by two percent ( 2%) the principal amount of the Notes outstanding on the date of this Agreement per each extension.

In consideration of the foregoing, the Company will:

| ● | Reduce                                                
 the conversion price of the Notes to $3.78 per share; |

| ● | The                                                                                      
 Purchasers will receive an aggregate of 850,000 three year warrants exercisable at $0.01 
 per share;                                                                               |

| ● | An                                                                                        
 aggregate of 320,005 warrants held by the Purchasers will have the exercise price reduced 
 to $3.78 per share (the “$3.78 Warrants”);                                                |

| ● | An                                                                                         
 aggregate of 478,951 warrants held by the Purchasers will have the exercise price reduced  
 to $6.00 per share (the “Repriced Warrants”). For every one Repriced Warrant               
 exercised by a Purchaser, such Purchaser shall receive 1.36 new five year warrants with an 
 exercise price of $0.01, 1.6 new five year warrants with an exercise price of $4.20, and   
 1.6 new five year warrants with an exercise price of $5.70.                                |

Pursuant to additional agreements with holders of another 51,618outstanding warrants, similar adjustments with those warrants, resulting in a total adjustment to 530,569warrants.

Because the foregoing will result in the issuance of more than 20% of the Company’s outstanding shares, the foregoing is subject to stockholder approval at the Company’s annual meeting of shareholders, to be held not later than May 30, 2024. Until such shareholder approval is obtained, the Company may not prepay any amount of the Notes which would reduce the aggregate principal amount thereof below $ 5million.

| F-50 |

<div align='center'>Soluna Holdings, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

As of September 30, 2024 (Un