Every 8-K that Soluna Holdings, Inc. (SLNH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SLNH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SLNH filings page.
Soluna Holdings, Inc. entered into a new senior secured Credit and Guaranty Agreement providing term loan commitments of up to $35.5 million, split among Tranche A-1, Tranche A-3, and Tranche B, and allowing up to an additional $64.5 million in future project-level loans. The company’s subsidiaries initially borrowed $12,623,591 to fund its Dorothy 1A, Dorothy 2, and Kati data center projects, with loans maturing no later than September 12, 2030.
Loans bear interest at Term SOFR plus 10.0% or ABR plus 9.0%, with a SOFR floor of 3.50% and a 1.00% commitment fee on undrawn Tranche B and additional tranches. The facility is secured by first-priority liens on substantially all borrower and guarantor assets and includes financial covenants requiring a minimum trailing debt service coverage ratio of 1.60:1.00 and a minimum forward contracted ratio of 1.20:1.00.
In a related private placement, Soluna issued a pre-funded warrant to buy up to 2,000,000 common shares at an exercise price of $0.0001 per share and a common warrant to buy up to 2,000,000 common shares at $1.18 per share, each with a five-year term and a 9.99% beneficial ownership cap. The company also granted registration rights for the warrant shares and gave an affiliate of the lender a non-voting board observer right while commitments remain outstanding.