Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 44

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 44
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 the
preferential rights, if any, of the holders of any class or series of capital stock of the Company ranking senior to the Series A Preferred
Stock as to dividends, the holders of the Series A Preferred Stock are entitled to receive, when, as and if declared by the Board of Directors
(or a duly authorized committee of the Board), only out of funds legally available for the payment of dividends, cumulative cash dividends
at the annual rate of 9.0% of the $25.00 liquidation preference per year (equivalent to $2.25 per year).

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Liquidation. In the event
of the voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, holders of shares of Series A Preferred
Stock will be entitled to be paid out of the assets of the Company legally available for distribution to its stockholders (i.e.,
after satisfaction of all the Company’s liabilities to creditors, if any) and, subject to the rights of holders of any shares of
each other class or series of capital stock ranking, as to rights to the distribution of assets upon the Company’s voluntary or
involuntary liquidation, dissolution or winding up, senior to the Series A Preferred Stock, a liquidation preference of $25.00 per share,
plus an amount equal to any accumulated and unpaid dividends to the date of payment (whether or not declared), before any distribution
or payment may be made to holders of shares of the Common Stock or any other class or series of the Company’s capital stock ranking,
as to rights to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up, junior to the Series
A Preferred Stock (the “liquidation preference”).

If, upon such voluntary or involuntary liquidation,
dissolution or winding up of the Company’s affairs, the assets of the Company legally available for distribution to the Company’s
stockholders are insufficient to pay the full amount of the liquidation preference on all outstanding shares of Series A Preferred Stock
and the corresponding amounts payable on all shares of each other class or series of capital stock of the Company ranking, as to rights
to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up, on parity with the Series A Preferred
Stock, then the holders of the Series A Preferred Stock and each such other class or series of capital stock of the Company ranking, as
to rights to the distribution of assets upon the Company’s voluntary or involuntary liquidation, dissolution