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72 /100
HIGH RISK
Score updated Oct 13, 2026

SLNH — Soluna Holdings, Inc. Dilution Risk Tracker

Track SLNH dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Soluna Holdings, Inc. (SLNH) has a DilutionWatch DilutionScore of 72/100, rated HIGH dilution risk. Soluna Holdings, Inc. has a market capitalization of $194.94M, 244.59M shares outstanding, 10 institutional holders tracked. Stored dilution-related fields include ATM program capacity of $25.00M, 24.30M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
80
💰 Cash Runway
65
📊 Float Risk
47
⚠️ Warrant Exposure
30
🔄 Convertible Debt
40

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 32%
🔄 Reverse Split model est. 40%
• 50-day avg $1.28 approaching $1 threshold
• 10 months cash with weak price
💰 Capital Raise model 33%
• Under 12 months cash (10mo)
• Active ATM program with $25M remaining capacity
📜 Warrant Exercise model 15%
• Warrant overhang: 9.9% of shares outstanding
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Market Data

Market Cap$194.94M
Shares Outstanding244.59M
Float119.10M
Cash$4.60M
Debt$9.48M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore72/100DilutionWatch score record
Shares Outstanding244.59MVerified float table or market cache
Public Float119.10MVerified float table or market cache
Market Cap$194.94MMarket data cache
Cash Runway9.6 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM Capacity$25.00MSEC-derived dilution fields
Outstanding Warrants24.30MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 5, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

10 institutional holders · 10.12M shares
#1 Heights Capital Management, Inc 2.04M shares
#2 Geode Capital Management, LLC 1.89M shares
#3 Ardsley Advisory Partners LP 1.73M shares
+ 7 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest25.08M
Days to Cover3.8
% of Float21.1%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-13
xbrl XBRL CONVERTIBLE 2026-03-30
4 INSIDER TRANSACTION 2026-06-22
4 INSIDER TRANSACTION 2026-06-17
4 INSIDER TRANSACTION 2026-06-12
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SLNH Dilution Snapshot

Soluna Holdings, Inc. (SLNH) has a DilutionScore of 72/100, rated High dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

SLNH's DilutionScore is currently 72/100 (High risk), with 2 score changes tracked over 89 days. The score improved from 69/100 (High risk).

Period Score Risk Level Duration
Oct 01 – Oct 13, 202672/100HIGH13 days
Aug 24 – Sep 30, 202669/100HIGH38 days
Jul 16 – Aug 23, 202667/100HIGH38 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SLNH shares outstanding have increased 41.6% from 111.38M (Apr 2026) to 157.75M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 2026157.75M119.10M▲ 14.65%
May 29, 2026157.75M103.88M▼ 6.93%
May 17, 2026141.35M111.62M▲ 41.63%
Apr 26, 2026114.18M78.81M▲ 0.67%
Apr 11, 2026111.38M78.28M▲ 1.66%
Apr 10, 2026111.38M77.00M▲ 0.22%
Apr 08, 2026111.38M76.83M▲ 3.85%
Apr 01, 2026111.38M73.98M▲ 62.78%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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