secwatch.observer — SEC 8-K summary
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Issuer:     Soluna Holdings, Inc (SLNH)
CIK:        0000064463
Form:       8-K
Filed at:   2026-10-21T21:07:10+00:00
Accession:  0001493152-26-047930
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64463/000149315226047930/0001493152-26-047930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64463/000149315226047930/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-047930

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