05:28 PM EDT, 07/17/2025 (MT Newswires) -- Soluna Holdings ( SLNH ) said late Thursday it closed its public offering of almost 9.1 million common shares and series A and series B warrants to purchase an identical amount of shares at a combined price of $0.55 per share and warrant for gross proceeds of $5 million.

The series A warrants will expire five years after the initial exercise date, and the series B warrants will expire 24 months after the initial exercise date, according to a statement.

The company said it plans to use the net proceeds for working capital and general corporate purposes.

Shares eased 0.5% during after-hours trading.