Brief: Soluna - Reached Understanding With Some Strategic Parties & Executed Non-Binding Letter Of Intent To Raise Enough Capital To Energize Dorothy 1A & 1B

Soluna Holdings

23/01/2023 13:06

Jan 23 (Reuters) - Soluna Holdings Inc  SLNH.O :
    * SOLUNA - REACHED UNDERSTANDING WITH SOME STRATEGIC PARTIES
&
EXECUTED NON-BINDING LETTER OF INTENT TO RAISE ENOUGH CAPITAL TO
ENERGIZE DOROTHY 1A & 1B
    * SOLUNA HOLDINGS - SHOULD TRANSACTIONS CLOSE AS
CONTEMPLATED,
THEY WOULD NOT REQUIRE COMPANY TO ISSUE EQUITY
    * SOLUNA HOLDINGS - COMPONENTS OF TRANSACTIONS INCLUDE SALE
OF
PORTION OF CO'S EQUITY INTERESTS IN PROJECT DOROTHY & MODEST
LOAN AGAINST PROJECT

Source text for Eikon:  ID:nBwbsv6fXa 
Further company coverage:  SLNH.O 
 ((Reuters.Briefs@thomsonreuters.com;))