---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000946"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T04:27:51.833531+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Soluna modifies $12.5M note; deposits 1M shares into escrow, adds conversion at $5.00

## Summary
- Amends $12.5M secured promissory note with GreenCloud Partners; Holdings becomes direct co-obligor.
- 1,000,000 shares of SLNH common stock deposited into escrow; net proceeds reduce principal.
- Note now convertible into up to 2,500,000 shares at $5.00 per share; warrant to be issued upon lien release.
- Payment schedule amended: six scheduled payments reduced by 50% after registration or Rule 144 availability.
- Issuance of escrow shares and warrant made in reliance on Section 4(a)(2) exemption from registration.

## SEC filing metadata
- accession: 0001641172-25-000946
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000164117225000946/0001641172-25-000946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000164117225000946/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000946
- JSON: https://secwatch.observer/filing/0001641172-25-000946.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000946.txt

## Key facts
- Debt Financings
  Soluna Holdings, Inc amended loan.
  - Instrument: loan
  - Event: amendment
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000164117225000946/0001641172-25-000946-index.htm

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