Soluna Holdings, Inc (SLNH): debt financing — Soluna secures $5M non-dilutive loan from Galaxy Digital at 15% interest, 5-year term

Soluna Holdings, Inc

$5M term loan from Galaxy Digital secured by Soluna SW LLC assets (Project Sophie data center).
Interest 15% per annum, matures March 12, 2030; five-year amortizing term.
Loan is non-dilutive with no equity features; limited recourse to parent company.
Proceeds to support Soluna's project development and expansion without shareholder dilution.
Prepayment allowed but subject to a premium: 50% of remaining interest if within 30 months, 25% thereafter.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Soluna Holdings, Inc incurred term loan of $5 million with Galaxy Digital LLC at 15.0% per annum maturing March 12, 2030.

Instrument: term loan
Principal: $5 million
Counterparty: Galaxy Digital LLC
Rate: 15.0% per annum
Maturity: March 12, 2030
Event: incurrence

Exact text from the filing

entered into a Loan Agreement (the “Loan Agreement”) with Holdings and Galaxy Digital LLC (the “Lender”). The Loan Agreement comprises a term loan facility in the principal amount of $5 million (the “Term Loan Facility”). The Term Loan Facility bears interest at 15.0% per annum

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Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-25-010691

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