Soluna Holdings, Inc (SLNH): debt financing — Soluna modifies $12.5M note; deposits 1M shares into escrow, adds conversion at $5.00

On March 23, 2025, the Note Parties entered into a Modification Agreement (the "Modification Agreement") to, among other things, (i) provide for the deposit of 1,000,000 shares (the "Escrow Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), into an escrow account maintained by Northland Securities, Inc., pursuant to an escrow agreement (as further described below), (ii) provide for the issuance to the Investor of a warrant to purchase shares of Common Stock upon the release by the Investor of its lien on the property of the Company (the "Warrant"), (iii) amend the payment schedule of the Note to provide (a) for each of the six scheduled payments occurring after the earlier of the effectiveness of a registration statement for the resale of the Registrable Securities (as defined below) or the date that the Registrable Securities may be sold pursuant to Rule 144 under the Securities Act of 1933, as amended (the "Securities Act"), without any informati