Company: SLNH
Filing Date: 2025-07-21
Form Type: DEF 14A
Source: 0001641172-25-020351
Chunk: 44

Company: Soluna Holdings, Inc
Filing Date: 2025-07-21
Form: DEF 14A
Chunk 44
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 however, provided with a statement reflecting the number of shares of common stock registered in their accounts. If you hold registered common stock in book-entry form, you do not need to take any action to receive your post-split shares, if applicable.

Fractional Shares

We will not issue fractional shares in connection with a Reverse Stock Split, if implemented. Instead, stockholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Reverse Stock Split ratio will automatically be entitled to receive an additional fraction of a share of common stock to round up to the next whole share. In any event, cash will not be paid for fractional shares.

No Dissenter’s or Appraisal Rights

Our stockholders are not entitled to any dissenter’s or appraisal rights with respect to any Reverse Stock Split, and we will not independently provide stockholders with any such right.

No Going Private Transaction

Notwithstanding the decrease in the number of outstanding shares of common stock following the implementation of any Reverse Stock Splits, the Board does not intend for this transaction to be the first step in a “going private transaction” within the meaning of Rule 13e-3 of the Exchange Act and the implementation of the proposed Reverse Stock Split(s) will not cause the Company to go private.

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Certain U.S. Federal Income Tax Considerations of the Reverse Stock Split

The following summary describes, as of the date of this Proxy Statement, certain U.S. federal income tax consequences of any Reverse Stock Split to holders of our common stock. This summary addresses the tax consequences only to a U.S. holder, which is a beneficial owner of our common stock that is either:

| ● | an                                                                                                                                  
 individual citizen or resident of the United States;                                                                                |
| ● | a                                                                                                                                   
 corporation, or other entity taxable as a corporation for U.S. federal income tax purposes, created or organized in or under the    
 laws of the United States or any state thereof or the District of Columbia;                                                         |
| ● | an                                                                                                                                  
 estate, the income of which is subject to U.S. federal income taxation regardless of its source; or                                 |
| ● | a                                                                                                                                   
 trust, if: (i) a court within the United States is able to exercise primary jurisdiction over its administration and one or more    
 U.S. persons has the authority to control all of its substantial decisions or (ii) it was in existence before August 20, 1996 and   
 a valid election is in place under applicable Treasury