Soluna Holdings, Inc. announces a registered direct offering priced at-the-market under Nasdaq rules.
The offering consists of 18,079,144 shares of common stock at a purchase price of $1.77 per share.
Gross proceeds are expected to be approximately $32 million before deductions for fees and expenses.
Offering Details
Includes 18,079,144 shares of common stock and Series C warrants at $1.77 per share.
Use of Proceeds
Intends to use net proceeds for working capital, project-level equity, and general corporate purposes.
Closing Date
Expected to close on or about December 5, 2025, subject to customary closing conditions.
- Soluna's offering aims to raise $32 million for working capital, enhancing projects, and overall corporate functions.
- The move signifies a strategic financial move to support the company's growth and operations.
Soluna's registered direct offering marks a significant step in securing financial resources for future endeavors, showcasing a commitment to sustainable computing solutions and efficient operations.