Soluna Holdings, Inc. (NASDAQ: SLNH), a developer of green data centers for high-performance computing, has priced a public offering to raise gross proceeds of approximately $5 million, which will be allocated for working capital, project-level equity, and general corporate purposes.The offering comprises 9,090,909 shares of its common stock, or pre-funded warrants in lieu thereof, alongside Series A warrants to purchase an equal number of shares and Series B warrants to purchase 9,090,909 shares of common stock. The combined public offering price is set at $0.55 per share (or pre-funded warrant) and accompanying warrants. Both Series A and Series B warrants carry an exercise price of $0.55 per share and become exercisable immediately upon issuance. The Series A warrants are set to expire on the five-year anniversary of the initial exercise date, while the Series B warrants will expire on the twenty-four-month anniversary of the initial exercise date.The closing of the offering is anticipated on or about July 17, 2025, pending the satisfaction of customary closing conditions. H.C. Wainwright & Co. is serving as the exclusive placement agent for the transaction.Soluna Holdings designs, develops, and operates digital infrastructure aimed at converting surplus renewable energy into global computing resources. The company’s data centers are strategically co-located with wind, solar, or hydroelectric power plants to support compute-intensive applications such as Bitcoin mining and Artificial Intelligence (AI). Soluna’s proprietary MaestroOS™ software is designed to facilitate a greener grid while providing cost-effective and sustainable computing solutions.The securities being offered are pursuant to a registration statement on Form S-1 (File No. 333-287519), which the Securities and Exchange Commission (SEC) declared effective on July 15, 2025.