Soluna Holdings, Inc. (SLNH) just unveiled an announcement.
On June 20, 2024, Soluna Holdings, Inc. secured a $12.5 million financing through its subsidiary, Soluna AL CloudCo, LLC, backed by a comprehensive set of agreements and assets as collateral. The financing includes a secured promissory note with a 9% interest rate due in 2027, accompanied by guarantees from both Soluna Cloud, Inc. and Soluna Holdings, Inc., and a warrant for the purchase of Soluna Cloud’s common stock. These agreements provide robust credit support, ensuring investor confidence and allowing the company to advance its project development endeavors. The detailed agreements will be filed with the SEC following standard regulations, with a press release already issued to announce the closing of the transaction.
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