Soluna Holdings Provides Business Update in AMA, Discusses Debt Repayment, Nasdaq Compliance, and Project Milestones

Soluna Holdings, Inc

Project Sophie debt with Galaxy Digital repaid from project cash flows; GreenCloud debt repaid by Soluna Holdings via excess cash flows and financing.
Goal to own 25% or more of operating data center projects (3-4 projects) to achieve profitability within 12 months.
Terminated contract with HPE and decommissioned Project Ada; now pursuing joint venture partnerships for HPC/AI data centers.
Seeking shareholder approval for reverse stock split between 1:5 and 1:50; may file for 180-day extension if share price stays below $1.00.
Spring Lane Capital $20M at Project Kati: Soluna earns developer fees, management fees, 7.5% profits initially, rising to 50% after hurdle rate (3-4 years).

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