Soluna Holdings Sells $1.5M in Stock and Warrants

Ticker: SLNHP · Form: 8-K · Filed: Apr 4, 2024 · CIK: 64463

Soluna Holdings, Inc 8-K Filing Summary
FieldDetail
CompanySoluna Holdings, Inc (SLNHP)
Form Type8-K
Filed DateApr 4, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Key Dollar Amounts$0.001
Sentimentneutral

Sentiment: neutral

Topics: financing, stock-offering, warrants

Related Tickers: SLNH

TL;DR

Soluna Holdings is selling $1.5M in stock/warrants, closing April 8th.

AI Summary

Soluna Holdings, Inc. announced on April 4, 2024, that it entered into a securities purchase agreement on April 2, 2024, to sell approximately $1.5 million of its common stock and warrants. This offering is expected to close on April 8, 2024, and is subject to customary closing conditions.

Why It Matters

This financing activity indicates Soluna Holdings is raising capital, which could be used for operational needs or growth initiatives, but also dilutes existing shareholders.

Risk Assessment

Risk Level: medium — The company is raising capital through a stock offering, which can be a sign of financial need and leads to dilution for existing shareholders.

Key Numbers

  • $1.5M — Capital Raised (Amount from sale of common stock and warrants)
  • April 8, 2024 — Closing Date (Expected date for the securities purchase agreement to finalize)

Key Players & Entities

  • Soluna Holdings, Inc. (company) — Registrant
  • April 4, 2024 (date) — Report Date
  • April 2, 2024 (date) — Date of Securities Purchase Agreement
  • $1.5 million (dollar_amount) — Amount of securities to be sold
  • April 8, 2024 (date) — Expected Closing Date

FAQ

What is the purpose of the securities purchase agreement?

The filing indicates Soluna Holdings, Inc. entered into a securities purchase agreement to sell approximately $1.5 million of its common stock and warrants.

When was the securities purchase agreement entered into?

The securities purchase agreement was entered into on April 2, 2024.

What is the expected closing date for this offering?

The offering is expected to close on April 8, 2024.

What type of securities are being sold?

Soluna Holdings, Inc. is selling its common stock and warrants.

Are there any conditions to closing the agreement?

Yes, the closing is subject to customary closing conditions.

Filing Stats: 543 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-04-04 13:26:21

Key Financial Figures

  • $0.001 — ch registered Common stock, par value $0.001 per share SLNH The Nasdaq Stock Mar

Filing Documents

02

Item 2.02 Results of Operations and Financial Condition. On April 2, 2024, Soluna Holdings, Inc. issued a press release announcing its financial results for the three and twelve months ended December 31, 2023 and released a presentation providing a Company update and the earnings information. A copy of this press release is furnished as Exhibit 99.1 and the presentation is furnished as Exhibit 99.2 The information in Item 2.02 and in Exhibit 99.1 will not be treated as "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or into another filing under the Exchange Act, unless that filing expressly incorporates this information by reference. Item 9.01 Financial (d) Exhibits. 99.1 Press release, dated April 2, 2024 99.2 Earnings Presentation 104 Cover Page Interactive Date File (embedded with the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SOLUNA HOLDINGS, INC. Date: April 4, 2024 By: /s/ Jessica Thomas Jessica Thomas Chief Accounting Officer (principal accounting officer)

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