SCHEDULE 13G/A 0001140358 XXXXXXXX LIVE 1 COMMON STOCK, $0.001 PAR VALUE PER SHARE 09/30/2025 0000064463 SOLUNA HOLDINGS INC. 583543301 325 Washington Avenue Extension Albany NY 12205 Rule 13d-1(c) Alpha Capital Anstalt N2 1045318.00 0.00 1045318.00 0.00 1045318.00 N 1.531 CO Note to 5, 7, 9 and 11: Based on 68,265,626 shares outstanding as of October 22, 2025 as per Form S-1 filed on October 27, 2025 with the Securities and Exchange Commission. SOLUNA HOLDINGS INC. 325 Washington Avenue Extension, Albany, New York 12205 Alpha Capital Anstalt Altenbach 8, FL-9490 Vaduz, Liechtenstein LIECHTENSTEIN 1,045,318.00 1.531% 1,045,318.00 0 Shares 1,045,318.00 0 Shares N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Alpha Capital Anstalt /s/ Konrad Ackermann 11/12/2025