Soluna Holdings establishes $500 million stock offering program

Soluna Holdings Inc. (NASDAQ: SLNH) entered into an at-the-market offering agreement with H.C. Wainwright & Co. LLC on April 29, 2025, allowing the company to sell up to $500 million of common stock.

Under the sales agreement, Soluna may offer shares from time to time through Wainwright as a sales agent. The shares will be sold at prevailing market prices on the Nasdaq Capital Market or other existing U.S. trading markets for the stock.

Wainwright will use commercially reasonable efforts consistent with normal trading practices but is not required to sell any specific number or dollar amount of securities. Sales may be conducted directly on exchanges, through market makers, or in negotiated transactions.

Soluna's common stock trades on the Nasdaq Capital Market under the symbol "SLNH." The stock's last reported sale price was $0.77 on March 6, 2026, according to the company's filing.

The at-the-market offering structure allows companies to sell shares gradually into the existing trading market rather than through a traditional underwritten offering. No funds will be held in escrow or similar arrangements under this agreement.

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