Soluna Holdings closes $5M public offering; net proceeds ~$4.3M

Soluna Holdings, Inc

Offered 9,090,909 units at $0.55 each: one share (or pre-funded warrant) plus Series A and B warrants to purchase one share.
Gross proceeds ~$5M; net after placement agent fees and expenses ~$4.3M; closed July 17, 2025.
Series A warrants exercisable at $0.55 for 5 years; Series B warrants for 24 months.
Net proceeds to be used for working capital, project-level equity, and general corporate purposes.
45-day lock-up on further equity and 6-month ban on variable rate transactions; H.C. Wainwright acted as placement agent.

item 1.01item 8.01item 9.01

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