Source-grounded facts extracted from Soluna Holdings, Inc's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Soluna Holdings, Inc completed a disposition involving NYDIG ABL LLC (closed 2023-02-23).
“On February 23, 2023, NYDIG proceeded to foreclose on all of the collateral securing the MEFA, which resulted in a reportable disposition of all of the Company's mining assets at the site and certain of the operating assets of Project Marie”
Soluna Holdings, Inc amended December 2022 Purchase Agreement with December 2022 Investors (effective 2023-02-09).
“on February 9, 2023 the Company and the December 2022 Investors amended Sections 2.4(a) and 2.4(b) of the December 2022 Purchase Agreement”
Jessica Thomas was appointed as Chief Accounting Officer at Soluna Holdings, Inc.
“approved the certification of Jessica Thomas as Chief Accounting Officer of the Company”
Soluna Holdings, Inc reported a default on convertible notes of $13,005,022 (principal outstanding) with certain investors (Noteholders) at 18% per annum (if event of default continues for 5 days) maturing Not specified.
“not so cured during such period, will result in an event of default under the Notes. The approximate amount of principal outstanding under the Notes as of December 20, 2022 is $13,005,022. If an event of default is still continuing five days after the occurrence thereof, then the Notes will begin accruing interest at the rate of 18% per annum on the outstanding”
Soluna Holdings, Inc faced acceleration on loan of $11,651,333 (aggregate principal and interest) with NYDIG ABL LLC at default rate of interest (not specified) maturing Not specified.
“As a result of the foregoing events of default, and pursuant to the MEFA, NYDIG (x) declared the principal amount of all loans due and owing under the MEFA and all accompanying Loan Documents (as defined in the MEFA) to be due and immediately payable, (y) imposed a default rate of interest on any outstanding principal amount of each loan (together with all then unpaid interest accruing thereon) and all other obligations under the MEFA and the Loan Documents, and (z) demanded the return of all equipment subject to the MEFA and the Loan Documents. The approximate aggregate principal and interest outstanding under the MEFA and the Loan Documents as of December 20, 2022, are $11,651,333.”
Soluna Holdings, Inc received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
“December 21, 2022, the Company received a letter (the “Nasdaq Notice”) from the Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock (the “Common Stock”) for the last 30 consecutive business days, the Common Stock no longer meets the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company’s Common Stock on the Nasdaq Capital Market. In accordance with NASDAQ Listing Rule”
Soluna Holdings, Inc reported the month ended October 31, 2022 results: revenue $ 1,640.
“customer in September and October, respectively. ($ in 000s, Unaudited) (Estimate) FY 21 Q1 2022 Q2 2022 Q3 2022 October 2022 Revenue $ 13,010 $ 9,316 $ 8,676 $ 6,372 $ 1,640 Cash Contribution Margin $ 8,888 $ 5,206 $ 5,007 $ 1,194 $ 365 Annualized Revenue $ 13,010 $ 37,264 $ 34,704 $ 25,490 $ 19,680 Annualized Contribution Margin $ 8,888 $ 20,824 $”
Soluna Holdings, Inc entered into Placement Agency Agreement with Univest Securities, LLC valued at fee in shares of Common Stock equal to 7% of the Shares, 431,014 restricted shares of Common Stock, (effective 2022-12-02).
“As previously reported, on December 2, 2022, the Company entered into a placement agency agreement (the “ Placement Agency Agreement ”) with Univest Securities, LLC (“ Univest ”), pursuant to which Univest agreed to serve as the exclusive placement agent for the Company on a reasonable best-efforts basis in connection with the Offering.”
Soluna Holdings, Inc entered into Securities Purchase Agreement with the purchasers named therein valued at 1,125,000 shares of common stock and associated warrants to purchase up to 2,250,000 shares of commo (effective 2022-12-05).
“As previously reported, on December 5, 2022, Soluna Holdings, Inc., a Nevada corporation (the “ Company ”), entered into a securities purchase agreement (the “ Purchase Agreement ”) with the purchasers named therein of 1,125,000 shares (the “ Shares ”) of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) and associated warrants (the “ Warrants ”) to purchase up to 2,250,000 shares of common stock at a price of $0.76 per share and associated Warrants (the “ Offering ”), with the investors in the Offering the right to purchase (the “ Options ”) additional shares of Common Stock (the “ Option Shares ”) and related warrants (the “ Option Warrants ”).”
Soluna Holdings, Inc entered into Placement Agency Agreement with Univest Securities, LLC (effective 2022-12-02).
“On December 2, 2022, the Company entered into a placement agency agreement (the “ Placement Agency Agreement ”) with Univest Securities, LLC (“ Univest ”), pursuant to which Univest agreed to serve as the exclusive placement agent for the Company on a reasonable best-efforts basis in connection with the Offering.”
Soluna Holdings, Inc entered into Purchase Agreement with certain investors named therein valued at aggregate gross proceeds of $855,000 (effective 2022-12-05).
“On December 5, 2022, Soluna Holdings, Inc., a Nevada corporation (the “ Company ”), entered into a securities purchase agreement (the “ Purchase Agreement ”) with certain investors named therein of 1,125,000 shares (the “ Shares ”) of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) and associated warrants (the “ Warrants ”) to purchase up to 2,250,000 shares of Common Stock at an exercise price of $0.76 per share, for a combined purchase price of $0.76 per Share and associated Warrants, for an aggregate gross proceeds of $855,000 (the “ Offering ”).”
Soluna Holdings, Inc reported fiscal quarter ended September 30, 2022 results: revenue $6.4 million, net income $(55.9) million, EPS $(3.94) per share.
“one of the lowest cost facilities of its kind in North America.” Third Quarter 2022 Financial Results Key Financial Highlights for the third quarter include ● Total revenue of $6.4 million for the three-month period ended September 30, 2022, as compared to $3.1 million for the same year-over-year period. The increase was driven primarily by an additional site”
Jessica L. Thomas resigned as Chief Financial Officer, Secretary, and Treasurer at Soluna Holdings, Inc.
“Jessica L. Thomas resigned from her role of Chief Financial Officer, Secretary, and Treasurer of Soluna Holdings, Inc., a Nevada corporation, effective as of August 16, 2022.”
Philip F. Patman, Jr. was appointed as Chief Financial Officer, Secretary and Treasurer at Soluna Holdings, Inc.
“On July 28, 2022, the board of directors (the “Board”) of Soluna Holdings, Inc., a Nevada corporation (“the Company”) appointed Philip F. Patman, Jr., to assume the role of Chief Financial Officer, Secretary and Treasurer of the Company, effective as of August 16, 2022.”
Moshe Binyamin departed as other_named_officer at Soluna Holdings, Inc.
“In connection with the sale of MTI and Mr. Binyamin’s departure from the Company”
Moshe Binyamin was elected as President and Chief Executive Officer of MTI at Soluna Holdings, Inc.
“the Board elected Mr. Binyamin, MTI’s then current President, to the offices of President and Chief Executive Officer of MTI.”
John Bottomley was elected as Director at Soluna Holdings, Inc.
“and John Bottomley, a director of HEL and a director of SCI until the effective time of the Merger, to the Company’s Board of Directors.”
John Belizaire was elected as President and Chief Executive Officer at Soluna Holdings, Inc.
“the Company’s Board of Directors elected John Belizaire, who served as Chief Executive Officer and a director of SCI until the effective time of the Merger, a director of HEL, and now President and Chief Executive Officer of EcoChain pursuant to the employment agreement described below”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.