Company: SLNH
Filing Date: 2025-05-22
Form Type: S-1
Source: 0001641172-25-012098
Chunk: 30

Company: Soluna Holdings, Inc
Filing Date: 2025-05-22
Form: S-1
Chunk 30
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 common stock. We are also offering Pre-Funded
Warrants to those purchasers whose purchase of shares of common stock in this offering would result in the purchaser, together with its
affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding
shares of common stock following the consummation of this offering in lieu of the shares of common stock that would result in such excess
ownership. Each Pre-Funded Warrant will be exercisable for one share of common stock. For each Pre-Funded Warrant we sell, the number
of shares of common stock we are offering will be decreased on a one-for-one basis. No warrant for fractional shares of common stock will
be issued, rather warrants will be issued only for whole shares of common stock. We are also registering the offer and sale of the shares
of common stock issuable from time to time upon exercise of the Pre-Funded Warrants and Common Warrants offered hereby, as well as the
shares of common stock issuable from time to time upon exercise of the placement agent warrants registered hereby.

We have authorized capital
stock consisting of 75,000,000 shares of common stock and 10,000,000 shares of preferred stock, par value $0.001 per share, of which 6,040,000
shares have been designated as shares of Series A Preferred Stock and 187,500 have been designated as Series B Preferred Stock, as of
May 16, 2025. Unless stated otherwise, the following discussion summarizes the terms and provisions of our Articles of Incorporation and
our Bylaws. This description is summarized from, and qualified in its entirety by reference to, our Articles of Incorporation and our
Bylaws, which are filed as exhibits to the registration statement of which this prospectus forms a part, and the applicable provisions
of the Nevada Revised Statutes, as amended (the “NRS”). For a description of the terms of our preferred stock, see Exhibit
4.14 to our Annual Report on Form 10-K, filed with the SEC on March 31, 2025.

Common Stock

Voting rights. The holders of our
common stock are entitled to one vote per share held on all matters on which a vote of our common stockholders is taken. Stockholders
do not have cumulative voting rights in the election of directors. The election of directors of the Company is decided by