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The latest update is out from Soluna Holdings, Inc. ( (SLNH) ).
Soluna Holdings, Inc. has achieved key milestones crucial for accessing a $25 million Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors Global L.P. The company reached agreements with its convertible noteholders and Series B Preferred Stock holders to meet prerequisites for the SEPA, which includes consents to the SEPA, prepayment of convertible notes, and waivers of participation rights. These steps allow Soluna to proceed with filing an S-1 registration statement with the SEC, the final major requirement before it can tap into the funding aimed at reducing debt, expanding AI data center operations, and strengthening its financial position.
See more data about SLNH stock on TipRanks’ Stock Analysis page.
