Soluna secures up to $100M credit facility from Generate Capital for green data centers

Soluna Holdings, Inc

Initial $12.6M draw to refinance Dorothy 1A and Dorothy 2 projects; unlocks equity capital.
Credit facility includes $22.9M delayed draw and $64.5M uncommitted accordion for pipeline growth.
Generate receives warrants to purchase 4M shares of common stock and a board observer right.
Facility is limited recourse, secured by project assets, with no parent company guarantees.
Maturity date for Tranche A and B loans is September 12, 2030; interest SOFR + 10.0%.

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