Soluna Inks Agreement with Noteholders to Bolster Balance Sheet Ahead of Halving
Soluna Holdings, Inc. (SLNH)
Company Research
Source: Business Wire
Includes $3M Funding Arrangement and Right to Raise Equity ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today the Company entered into a fourth amendment with the convertible noteholders to reprice certain warrants that would allow the Company to raise up to $3 million. In addition, the Company will be allowed to file an at-the-market offering (ATM) with an initial floor price of $10 per share to take advantage of future financing opportunities in the equity markets.John Belizaire, CEO of Soluna Holdings, commented, “We are progressively tuning our capital formation approach to take advantage of the growth opportunities on the horizon for the company. This amendment is part of a multi-prong approach to support our scaling plans.”The Company and the noteholders entered into a
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SLNH
Sec Filings
- 4/29/24 - Form DEF
- 4/26/24 - Form SC
- 4/25/24 - Form SC
- SLNH's page on the SEC website