---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-047930"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2026-10-21T21:07:10+00:00"
generated_at: "2026-10-21T21:08:05.203780+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Soluna, Applied Digital form 51/49 JV for 50 MW Texas AI data center

## Summary
- Applied's APLD STX Holdings will own 51% and contribute $19,515,306 cash; Soluna's unit gets 49% via an $18.75M attributed ground sublease.
- Project Dorothy 3A in Briscoe County, Texas: about 75 MW gross / 50 MW critical I.T.; 99-year ground sublease to JV tenant STX-01 LLC.
- Soluna will issue Applied a 7-year warrant for 7,644,444 SLNH shares at $0.74, with registration rights and a hedging/short-sale restriction.
- Closing targeted by Dec. 1, 2026, extendable to Dec. 31; conditions include a tax-abatement vote, ChronoScale lease approvals and a leasehold title policy.
- If the deal terminates, Soluna must reimburse 80% of Applied's funded costs, capped at $45M, guaranteed by Soluna Holdings.

## SEC filing metadata
- accession: 0001493152-26-047930
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2026-10-21T21:07:10+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000149315226047930/0001493152-26-047930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000149315226047930/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-047930
- JSON: https://secwatch.observer/filing/0001493152-26-047930.json
- Plain text: https://secwatch.observer/filing/0001493152-26-047930.txt

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