Soluna Holdings Expands Financing and Offers New Warrants

Soluna Holdings, Inc. (SLNH) has issued an update.

Soluna Holdings, Inc. has amended its financing agreement to allow for an additional $1,250,000 in secured notes to be issued to new accredited investors. These notes come with the same terms and credit support as the original notes and are accompanied by the issuance of warrants. These warrants give investors the right to purchase shares in Soluna Cloud, the subsidiary involved, within a three-year window, based on a formula related to the company’s common stock issuances and capital raising efforts up to an additional $111,250,000 or until the end of 2024. The transactions are exempt from registration under the Securities Act of 1933, targeting only accredited investors.

Find detailed analytics on SLNH stock on TipRanks’ Stock Analysis page.