secwatch.observer — SEC 8-K summary
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Issuer:     Soluna Holdings, Inc (SLNH)
CIK:        0000064463
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001493152-24-008481
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Soluna inks 4th amendment to convertible notes, reduces conversion price to $3.78
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- Conversion price reduced to $3.78/share; noteholders get 850,000 three-year warrants exercisable at $0.01.
- Company may raise up to $3M via warrant reprice program; 530,569 warrants repriced at $3.78 or $6.00.
- ATM offering allowed with floor price $10/share (reduces to $8 after 6 mos, $6 after 12 mos), subject to stockholder approval.
- Company can extend note maturity by 3 months twice with 2% principal increase per extension.
- Stockholder approval required by May 30, 2024; until then, principal cannot go below $5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64463/000149315224008481/0001493152-24-008481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64463/000149315224008481/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008481

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