Company: SLNH
Filing Date: 2025-07-17
Form Type: 424B4
Source: 0001641172-25-019981
Chunk: 32

Company: Soluna Holdings, Inc
Filing Date: 2025-07-17
Form: 424B4
Chunk 32
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 number or dollar amount of securities, other than to use their “reasonable best efforts” to arrange for the sale of the securities by us. Therefore, we may not sell the entire amount of securities being offered.

The terms of this offering are subject to market conditions and negotiations between us, the placement agent and prospective investors. The placement agent will have no authority to bind us by virtue of the engagement letter. This is a best efforts offering and there is no minimum amount of proceeds that is a condition to closing of this offering. Investors purchasing securities offered hereby will have the option to execute a securities purchase agreement with us. In addition to rights and remedies available to all purchasers in this offering under federal securities and state law, the purchasers which enter into a securities purchase agreement will also be able to bring claims of breach of contract against us. The placement agent may engage one or more sub-agents or selected dealers in connection with the offering. The ability to pursue a claim for breach of contract is material to larger purchasers in this offering as a means to enforce the following covenants uniquely available to them under the securities purchase agreement: (i) a covenant to not enter into variable rate financings for a period of six (6) months following the closing of the offering, subject to certain exceptions; and (ii) a covenant to not enter into any equity financings for forty-five (45) days from closing of the offering, subject to certain exceptions.

| 17 |

The nature of the representations, warranties and covenants in the securities purchase agreements will include:

| ● | standard and customary                                                                                                                      
 issuer representations and warranties on matters such as due organization, qualification, authorization, no conflict, no governmental       
 filings required, currentness and accuracy of SEC filings, absence of litigation, labor or other compliance issues, environmental,          
 intellectual property and title matters and compliance with various laws such as the Foreign Corrupt Practices Act; and                     |
| ● | covenants regarding                                                                                                                         
 matters such as registration of the offering of the warrant shares, the filing of a Current Report on Form 8-K to disclose entering         
 into these securities purchase agreements, the providing of material nonpublic information, use of proceeds, indemnification of purchasers, 
 reservation and listing of common stock, and prohibitions on subsequent equity sales for forty-five (45) days, subject to certain           
 exceptions.                                                                                                                                 |

Delivery of the securities offered hereby is expected to occur on or about July 17, 2025, subject to satisfaction of certain customary closing conditions.

Fees