Trump announces trade deal with EU following months of negotiations
ALBANY, NY—Jessica L. Thomas, the Chief Accounting Officer of Soluna Holdings, Inc. (NASDAQ:SLNH), a micro-cap company currently valued at $9.33 million, has recently sold a portion of her holdings in the company. According to InvestingPro data, the company’s financial health score is currently rated as WEAK, with analysis showing the company is quickly burning through cash. According to a filing submitted to the Securities and Exchange Commission, Thomas sold 3,300 shares of Soluna’s 9.0% Series A Cumulative Perpetual Preferred Stock on June 10, 2025. The shares were sold at a price of $2.80 each, resulting in a total transaction value of $9,240.
Following this sale, Thomas retains ownership of 3,400 shares of the preferred stock. The transaction was executed directly by Thomas, as indicated in the filing.
In other recent news, Soluna Holdings has secured $20 million in financing from Spring Lane Capital for its Project Kati data center, with the potential for an additional $100 million in project-level capital. The company reported first-quarter revenue of $5.9 million and is advancing its Project Dorothy 2, with phase 2 commissioning expected to begin soon. Soluna Holdings has also launched an at-the-market offering agreement with H.C. Wainwright & Co., LLC, potentially raising up to $3.75 million through the sale of common stock. Additionally, Soluna faces a Nasdaq delisting notice due to its share price not meeting the minimum bid requirement, with a deadline of November 4, 2025, to regain compliance. The company is expanding its green data center projects, including a new 120MW wind-powered data center, Project Hedy, in Texas. Soluna has successfully completed phase 1 of Project Dorothy 2 and is progressing with Project Kati, which will host Bitcoin mining and AI operations. The company continues to negotiate new contracts and partnerships, signaling ongoing growth and expansion in its renewable energy initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.