Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Subsequent to June 30, 2026 and through the date of issuance of these condensed consolidated financial statements, the Company has issued 18,769,096 shares of common stock pursuant to the ATM Agreement for net proceeds of approximately $23.6 million. See Note 11. On August 7, 2026, the Borrowers entered into the Amendment No. 3, under which the DSCR and the Forward Contracted DSCR were not required to be calculated for the June 30, 2026 measurement date, conditioned upon the prepayment in full of the Tranche A-1 and Tranche A-3 Loans. Amendment No. 3 became effective upon satisfaction of the conditions set forth within the agreement, including but not limited to the occurrence of prepayment of the Tranche A-1 Loan and the Tranche A-3 Loan. On August 10, 2026, Soluna DVSL ComputeCo, LLC and Soluna DVSL II ComputeCo, LLC prepaid in full the Tranche A-1 Loans and Tranche A-3 Loans, respectively, for an aggregate prepayment amount of approximately $19.1 million, inclusive of accrued and unpaid interest, a prepayment premium of approximately $3.9 million, $15.2 million of the outstanding principal balance and all other amounts then due under the Amended Credit Agreement. See Note 10.
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