Soluna Holdings (SLNH) Completes Final Conversion and Payoff of Convertible Notes

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Go back to Soluna Holdings (SLNH) Completes Final Conversion and Payoff of Convertible Notes

Soluna Completes Final Conversion and Payoff of Convertible Notes

December 13, 2024 7:43 AM EST

ALBANY, N.Y.--(BUSINESS WIRE)-- Soluna Holdings, Inc. (SHI or the Company), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announces the successful completion of a final conversion and payoff of its outstanding convertible notes, following a reprice of the conversion price, eliminating this debt from the companys balance sheet.

This one-time reprice allowed for a full conversion and payoff in a single transaction of approximately $772,000 in remaining note balances. This is a significant step toward strengthening Solunas financial position and providing more... More