Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 38

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 38
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 distribution periods, the date(s) on which distributions will be payable and whether the distributions will be cumulative, noncumulative or partially cumulative, and, if cumulative, the dates from which the distributions will start to cumulate; |
| ● | any redemption or sinking fund provisions of that class or series;                                                                                                                                                                                                                                                                          |
| ● | any voting rights;                                                                                                                                                                                                                                                                                                                          |
| ● | any conversion or exchange provisions;                                                                                                                                                                                                                                                                                                      |
| ● | any other specific terms, preferences, rights, limitations or restrictions of such Preferred Stock;                                                                                                                                                                                                                                         |
| ● | any limitations on issuance of any class or series of Preferred Stock ranking senior to or on a parity with such Preferred Stock as to distribution rights and rights upon liquidation, dissolution or winding up of our affairs;                                                                                                           |
| ● | any procedures for any auction and remarketing; and                                                                                                                                                                                                                                                                                         |
| ● | any listing of such Preferred Stock on any securities exchange                                                                                                                                                                                                                                                                              |

Holders of our Preferred Stock have no preemptive
rights to subscribe for any of our securities.

| 22 |

We will describe in the applicable prospectus supplement
any material U.S. federal income tax considerations applicable to the Preferred Stock offered by such prospectus supplement.

The issuance of shares of Preferred Stock, the issuance
of rights to purchase Preferred Stock or the possibility of the issuance of Preferred Stock or such rights could have the effect of delaying
or preventing a change in our control. In addition, the rights of holders of Common Stock will be subject to, and may be adversely affected
by, the rights of holders of any Preferred Stock that we have issued or may issue in the future.

Rank. Unless our Board
of Directors otherwise determines and we so specify in the applicable prospectus supplement, we expect that the shares of Preferred Stock
will, with respect to distribution rights and rights upon liquidation, dissolution or winding up of our affairs, rank senior to all our
Common Stock.

Distributions. Holders
of Preferred Stock of each class or series will be entitled to receive cash and/or share distributions at the rates and on the dates shown
in the applicable prospectus supplement. We will pay each distribution to holders of record as they appear on our stock transfer books
on the record dates fixed by our Board of Directors.

We will not authorize or pay any distributions on
a class or series of Preferred Stock or set aside funds for the payment of distributions if restricted or prohibited by law, or if the
terms of any of our agreements, including agreements relating to