Business
Soluna Announces $32 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
ALBANY, N.Y., December 05, 2025--Soluna Holdings, Inc. ("Soluna" or the "Company") (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, today announced that it has entered into definitive agreements for the purchase and sale of 18,079,144 shares of common stock (or pre-funded warrants in lieu thereof) and accompanying Series C warrants to purchase up to 18,079,144 shares of common stock at a purchase price of $1.77 per share (or pre-funded warrant in lieu there
About this update from Soluna Holdings, Inc.
[{"type":"text","content":"ALBANY, N.Y., December 05, 2025--(BUSINESS WIRE)--Soluna Holdings, Inc. ("Soluna" or the "Company") (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, today announced that it has entered into definitive agreements for the purchase and sale of 18,079,144 shares of common stock (or pre-funded warrants in lieu thereof) and accompanying Series C warrants to purchase up to 18,079,144 shares of common stock at a purchase price of $1.77 per share (or pre-funded warrant in lieu thereof) and accompanying Series C warrant in a registered direct offering priced at-the-market under Nasdaq rules. The Series C warrants will have an exercise price of $1.65 per share, will be exercisable immediately upon issuance, and will expire five years following the date of issuance.","length":823,"tagName":"p"},{"type":"text","content":"H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.","length":86,"tagName":"p"},{"type":"text","content":"The gross proceeds of the offering described above are expected to be approximately $32 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds of the offering for working capital, project-level equity, and general corporate purposes.","length":320,"tagName":"p"},{"type":"text","content":"The offering is expected to close on or about December 5, 2025, subject to satisfaction of customary closing conditions.","length":120,"tagName":"p"},{"type":"text","content":"The sale of the securities described above is being made pursuant to the Company’s registration statement on Form S-3 (File No. 333-286638), including a base prospectus, filed with the Securities and Exchange Commission ("SEC") and declared effective by the SEC on April 29, 2025, and a prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement and the accompanying base prospectus may be obtained, once filed, for free at the SEC’s EDGAR website at http://www.sec.gov. Additionally, copies of the final prospectus supplement and the accompanying base prospectus may be obtained, once available, by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at [email protected].","...