Soluna Announces It Has Entered Into A $25M Standby Equity Purchase Agreement With A Fund Managed By Yorkville Advisors Global
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings, Inc. has entered into a $25 million Standby Equity Purchase Agreement with Yorkville Advisors Global. The initial $10 million draw will be used to repay convertible notes and fund data center projects.
September 09, 2024 | 12:18 pm
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Soluna Holdings has secured a $25 million equity agreement with Yorkville Advisors, with an initial $10 million draw to repay debt and fund data center projects.
The $25M equity agreement provides Soluna with significant capital, improving its financial position by repaying debt and supporting growth in data center projects. This is likely to positively impact SLNH's stock price in the short term.
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