Company: SLNH
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001641172-25-012098
Chunk: 35

Company: Soluna Holdings, Inc
Filing Date: 2025-05-22
Form: S-1
Chunk 35
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, the forms of which will be filed as exhibits to the registration statement of which this prospectus
forms a part. Prospective investors should carefully review the terms and provisions of the form of Series A Warrant and the form of Series
B Warrant for complete descriptions of the terms and conditions of the Common Warrants. The Series A Warrant and Series B Warrant are
identical except with regard to their duration.

Duration and Exercise Price. Each Common
Warrant offered hereby will have an exercise price equal to $. The Common Warrants will be exercisable beginning on the effective date
of Warrant Stockholder Approval; , , that if the Pricing Conditions are met, the Initial Exercise Date of
the Common Warrants will be the date of issuance thereof. The Series A Warrants will expire on the five-year anniversary of the date on
which such Series A Warrants become exercisable and the Series B Warrants will expire on the twenty-four-month anniversary of the date
on which such Series B Warrants become exercisable. The exercise price and number of shares of common stock issuable upon exercise is
subject to appropriate adjustment in the event of stock dividends, stock splits, reorganizations or similar events affecting our common
stock and the exercise price. The Common Warrants will be issued separately from the common stock or Pre-Funded Warrants, respectively,
and may be transferred separately immediately thereafter. The Common Warrants will be issued in certificated form only.

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We intend to promptly, and in no event later than
90 days after the consummation of this offering, seek Warrant Stockholder Approval for the issuance of shares of common stock issuable
upon exercise of the Common Warrants but we cannot assure you that such stockholder approval will be obtained; , ,
that, if and only if the Pricing Conditions are satisfied, then we will not seek Warrant Stockholder Approval. We have agreed with the
investors in this offering that, if we are obligated to seek but do not obtain Warrant Stockholder Approval for the issuance of the shares
of common stock upon exercise of the Common Warrants at the first stockholder meeting for such purpose after the consummation of this
offering, we will call a stockholder meeting every 90 days thereafter until the earlier of the date we obtain such approval or the Common
Warrants are no longer outstanding.

Exercisability. The Common Warrants will
be exercisable, at the option of each holder, in whole or in