Company: SLNH
Filing Date: 2025-04-18
Form Type: S-3
Source: 0001641172-25-005430
Chunk: 39

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: S-3
Chunk 39
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 principal, premium, interest or other distribution of underlying securities or other property to holders on that registered global security, will immediately credit participants’ accounts in amounts proportionate to their respective beneficial interests in that registered global security as shown on the records of the depositary. We also expect that payments by participants to owners of beneficial interests in a registered global security held through participants will be governed by standing customer instructions and customary practices, as is now the case with the securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of those participants.

If the depositary for any of these securities represented by a registered global security is at any time unwilling or unable to continue as depositary or ceases to be a clearing agency registered under the Exchange Act and a successor depositary registered as a clearing agency under the Exchange Act is not appointed by us within 90 days, we will issue securities in definitive form in exchange for the registered global security that had been held by the depositary. Any securities issued in definitive form in exchange for a registered global security will be registered in the name or names that the depositary gives to the relevant trustee or warrant agent or other relevant agent of ours or theirs. It is expected that the depositary’s instructions will be based upon directions received by the depositary from participants with respect to ownership of beneficial interests in the registered global security that had been held by the depositary.

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<div align='center'>PLAN OF DISTRIBUTION</div>

Initial Offering and Sale of Securities

Unless otherwise set forth in a prospectus supplement accompanying this prospectus, we may sell the securities being offered hereby, from time to time, by one or more of the following methods:

| ● | to or through underwriting                                    
 syndicates represented by managing underwriters;              |
| ● | through one or more underwriters                              
 without a syndicate for them to offer and sell to the public; |
| ● | through dealers                                               
 or agents; and                                                |
| ● | to investors directly in                                      
 negotiated sales or in competitively bid transactions.        |

Offerings of securities covered by this prospectus also may be made into an existing trading market for those securities in transactions at other than a fixed price, either:

| ● | on or through the facilities                                                                                                           
 of the Nasdaq Capital Market or any other securities exchange or quotation or trading service on which those securities may be listed, 
 quoted, or traded at the time of sale; and/or                                                                                          |
| ● | to or