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Shares of Soluna Holdings Inc. fell by 37.6% after the publication of the terms of the public offering, which should bring about $5 million in gross revenue. The company will place 9.09 million ordinary shares at a price of $0.55 per share, and will also issue warrants of two series – A and B – for a similar number of shares with an exercise price of $0.55. Series A warrants are valid for 5 years, and Series B warrants are valid for 2 years. Both types will become available immediately after placement. Soluna will use the proceeds to maintain working capital, finance projects and corporate needs. The company specializes in building data centers for bitcoin mining and AI solutions next to green energy sources. The placement is carried out with the participation of H.C. Wainwright & Co. It is expected to close on July 17, 2025. The securities are offered as part of a registration application approved by the SEC on July 15.
Scheduled maintenance will be performed on the server in the near future.
We apologize in advance if the site becomes temporarily unavailable.
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