Company: SLNH
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001641172-25-012098
Chunk: 43

Company: Soluna Holdings, Inc
Filing Date: 2025-05-22
Form: S-1
Chunk 43
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 us and the investors, in
consultation with the placement agent based on the trading of our common stock prior to this offering, among other things. Other factors
considered in determining the public offering prices of the securities we are offering and the exercise prices and other terms of the
Pre-Funded Warrants and Common Warrants include the history and prospects of our company, the stage of development of our business, our
business plans for the future and the extent to which they have been implemented, an assessment of our management, general conditions
of the securities markets at the time of the offering and such other factors as were deemed relevant.

Lock-up Agreements

We and each of our officers and directors have agreed with the placement agent to be subject to a lock-up period of days following the closing date of the offering.
This means that, during the applicable lock-up period, we may not offer for sale, contract to sell, or sell any shares of our common stock
or any securities convertible into, or exercisable or exchangeable for, shares of our common stock, subject to certain customary exceptions
such as issuing stock options to directors, officers, employees and consultants under our existing plans, and such persons may not offer
for sale, contract to sell, sell, distribute, grant any option, right or warrant to purchase, pledge, hypothecate or otherwise dispose
of, directly or indirectly, any of our shares of common stock or any securities convertible into, or exercisable or exchangeable for,
shares of common stock, subject to customary exceptions. The placement agent may, in its sole discretion and without notice, waive the
terms of any of these lock-up agreements. In addition, we have agreed to not issue any securities that are subject to a price reset based
on trading prices of our common stock or upon a specified or contingent event in the future, or enter into an agreement to issue securities
at a future determined price, until the date that is following the closing date of the offering, subject to exceptions. The
placement agent may, in its sole discretion and without notice, waive the terms of this prohibition.

Transfer Agent and Registrar

The transfer agent for our common stock is Equiniti
Trust Company, LLC (the “Transfer Agent”) (formerly: American Stock Transfer & Trust Company, LLC). The Transfer Agent’s
address is 48 Wall Street, 23rd Floor, New York, NY 10005.

National Securities Exchange Listing

Our common stock is currently listed on Nasdaq
under the symbol