Company: SLNH
Filing Date: 2025-07-09
Form Type: PRE 14A
Source: 0001641172-25-018420
Chunk: 42

Company: Soluna Holdings, Inc
Filing Date: 2025-07-09
Form: PRE 14A
Chunk 42
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 will have no effect on the number of authorized shares of preferred stock or the par value of the preferred stock.

Effect on the Equity Incentive Plans, Outstanding Options and Warrants and other convertible securities, including our Series B Preferred Stock

If the Reverse Stock Split Proposal is approved and effected, the total number of shares of common stock reserved for issuance under our equity incentive plans would be reduced in proportion to the ratio selected by our Board. The total number of shares of common stock reserved for issuance pursuant to outstanding but unexercised warrants would be reduced for each Reverse Stock Split in proportion to the relevant Reverse Stock Split ratio.

Under the terms of our outstanding equity awards, options, warrants, and the terms of the Certificate of Designation for the Series B Preferred Stock, each Reverse Stock Split would adjust and proportionately reduce the number of shares of common stock issuable upon exercise, vesting or conversion of such awards, options, warrants and Series B Preferred Stock in the same ratio of such Reverse Stock Split and, correspondingly, would proportionately increase the exercise price, purchase price or conversion price, if any, of all such awards, options, warrants and Series B Preferred Stock. The number of shares of common stock issuable upon exercise, vesting or conversion of outstanding equity awards, options, warrants and Series B Preferred Stock and the exercise or purchase price related thereto, if any, would be equitably adjusted in accordance with the terms of the equity incentive plans, warrants or Certificate of Designation for the Series B Preferred Stock, which may include rounding the number of shares of common stock issuable down (or in the case of the Series B Preferred Stock, up) to the nearest whole share.

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Potential Anti-Takeover Effect

An additional effect of a Reverse Stock Split would be to increase the relative amount of authorized but unissued shares of common stock, which may, under certain circumstances, be construed as having an anti-takeover effect. Although not designed or intended for such purposes, the effect of the increased available shares might be to make more difficult or to discourage an attempt to take over or otherwise acquire control of us (for example, by permitting issuances that would dilute the stock ownership of a person or entity seeking to effect a change in the composition of our Board or contemplating a tender offer or other change in control transaction).

Our Board is not presently aware of any attempt, or contemplated attempt, to acquire control of us, and the Reverse Stock Split Proposal is not part of any plan by our Board to