---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-017877"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2026-04-17T23:59:59+00:00"
generated_at: "2026-05-15T05:39:09.361989+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Soluna acquires 85.4% of Dorothy 1A wind-powered data center for $16.5M, secures $12M loan

## Summary
- Purchased 85.4% Class B interests in Dorothy 1A Project Company (bitcoin hosting, wind-powered) for total $16.5M: $6M at closing, $10.5M due by July 1, 2026.
- Issued $12M promissory note to YA II PN, LTD. at 5% interest, maturing May 2027; monthly amortization of $1.2M plus 5% premium.
- Issued warrant to lender to purchase up to 2.4M shares of common stock at $1.06 per share, exercisable for 12 months.
- Transaction closed April 15, 2026; Purchaser now owns 100% of Dorothy 1A membership interests.

## SEC filing metadata
- accession: 0001493152-26-017877
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2026-04-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/0001493152-26-017877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-017877
- JSON: https://secwatch.observer/filing/0001493152-26-017877.json
- Plain text: https://secwatch.observer/filing/0001493152-26-017877.txt

## Source-grounded claims
- claim_id: 5be352e634b2fdf470619d9b73670fdc34bd4712
  claim: Soluna Holdings, Inc incurred loan of up to $12,000,000 with YA II PN, LTD. at 5% per annum (18% upon default) maturing May 15, 2027.
  evidence_excerpt: the Company entered into a Securities Purchase Agreement (the "SPA") with YA II PN, LTD. (the "Lender"), pursuant to which the Company issued to the Lender a Promissory Note (the "Note") payable to the Lender, providing for an unsecured loan in the aggregate principal amount of up to $12,000,000 (the "Principal Amount"). The outstanding Principal Amount will mature on May 15, 2027 (the "Maturity Date") and bears interest at a rate per annum of 5%, based on a 365-day year, which interest rate shall increase to a rate per annum of 18% upon the occurrence of an Event of Default
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/0001493152-26-017877-index.htm
- claim_id: 464b440381fcdb9d908c5eb93c07ed02f3fc1492
  claim: Soluna Holdings, Inc entered into MIPA with Soluna SLC Fund I Projects Holdco LLC valued at $6.0 million (effective 2026-04-15).
  evidence_excerpt: On April 15, 2026, Soluna Digital Inc. (the “Purchaser”), a wholly owned subsidiary of Soluna Holdings, Inc. (the “Company”), entered into a Membership Interests Purchase Agreement (the “MIPA”), with Soluna SLC Fund I Projects Holdco LLC (the “Seller”) and Soluna DVSL JVCo, LLC, a Delaware limited liability company (the “Dorothy 1A Project Company”), pursuant to which the Purchaser acquired 85.4% of the issued and outstanding Class B Membership Interests in the Dorothy 1A Project Company from the Seller.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/0001493152-26-017877-index.htm
- claim_id: 72399946c09108017bee450d0b4e238c7a7f95dd
  claim: Soluna Holdings, Inc entered into SPA with YA II PN, LTD. valued at $12,000,000 (effective 2026-04-15).
  evidence_excerpt: In connection with the MIPA, on April 15, 2026, the Company entered into a Securities Purchase Agreement (the “SPA”) with YA II PN, LTD. (the “Lender”), pursuant to which the Company issued to the Lender a Promissory Note (the “Note”) payable to the Lender, providing for an unsecured loan in the aggregate principal amount of up to $12,000,000 (the “Principal Amount”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/0001493152-26-017877-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.