Generate Capital Entities' Beneficial Ownership in Soluna Holdings

Generate Strategic Credit Master Fund I-B, L.P., along with its related entities Generate Strategic Credit Fund GP, L.P., GCP Holdings I, LLC, and Generate Capital, PBC, have jointly filed a Schedule 13G to report their beneficial ownership of 3,345,829 shares of common stock in Soluna Holdings, Inc. This represents 9.99% of the outstanding shares. The shares include those that can be acquired through the exercise of warrants held by Generate Master Fund, which are subject to a beneficial ownership limitation of 9.99%. The filing is made pursuant to Rule 13d-1(c) and includes a joint filing agreement among the entities. The Reporting Persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.