Soluna Holdings, Inc. unlocks access to a $25M growth capital line through agreements with convertible noteholders and Series B stockholders.
Amount Raised
$25 Million
Round Type
Series B
AlbanyManufacturingEnergyFinancial ServicesRenewable EnergyInvestors
Description
Soluna Holdings, Inc. has made important progress towards accessing a $25 million Standby Equity Purchase Agreement. The company will proceed with filing an S-1 registration statement as the final step to begin obtaining funding.
Quick answer
Soluna Holdings raised $25 Million in a Series B round, dated October 3, 2024. Investors: Yorkville Advisors Global, L.P. Soluna Holdings is based in Albany, New York, United States.
- How much did Soluna Holdings raise?
- Soluna Holdings raised $25 Million in a Series B round on October 3, 2024.
- Who invested in Soluna Holdings?
- Yorkville Advisors Global, L.P. is named as investors in this round.
- What does Soluna Holdings do?
- The Company expects to issue an aggregate of approximately $29 million of shares of Series A Preferred Stock in connection with the concurrent offerings, and expects the extinguishment of an aggregate principal amount..
- Where is Soluna Holdings based and how big is it?
- Soluna Holdings is based in Albany, New York, United States. Fundz records about 6 employees.
- Who are the decision-makers at Soluna Holdings?
- Fundz holds 1 contact at Soluna Holdings. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Financial Services around the same time
Companies in the same sectors as Soluna Holdings that raised within 45 days of this round, from Fundz verified event records.
- Ascent Solar Technologies raised $1.9M (Seed) on October 17, 2024.
- Hydrogen Mem-Tech raised an undisclosed amount (Equity Crowdfunding) on November 15, 2024.
- Vaulted Deep raised $32M (Series A) on November 15, 2024.
- Radiant raised $100M (Series C) on November 14, 2024.
- Ampd Energy raised $27M (Series B) on November 5, 2024.
- Electra Battery Materials Corporation raised $5M (Convertible Note) on October 27, 2024.
Who to call at Soluna Holdings, and when
A new round usually means Soluna Holdings is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Soluna Holdings raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Soluna Holdings, from your own LinkedIn network
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Funding Insights
What this usually meansSoluna Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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