secwatch.observer — SEC 8-K summary
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Issuer:     Soluna Holdings, Inc (SLNH)
CIK:        0000064463
Form:       8-K
Filed at:   2026-04-17T23:59:59+00:00
Accession:  0001493152-26-017877
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/0001493152-26-017877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64463/000149315226017877/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-017877

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer