Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 49

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 49
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 earning power or net income of the Company, on a consolidated basis; |
| ● | subject to certain exceptions, any transaction that results in the issuance or transfer by the Company of any stock of the corporation with a market value of 5% or more of the value of the outstanding shares of the Company;                                                                                                                                                                                                                                                                                                                                                                        |
| ● | the adoption of any plan or proposal for the liquidation or dissolution of the Company under any agreement, arrangement or understanding with the interested stockholder, or its affiliate or associate;                                                                                                                                                                                                                                                                                                                                                                                               |
| ● | any transaction involving the Company that has the effect of increasing the proportionate share of the stock of any class or series of the Company beneficially owned by the interested stockholder, or its affiliate or associate; or                                                                                                                                                                                                                                                                                                                                                                 |
| ● | the receipt by the interested stockholder, or its affiliate or associate of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the Company.                                                                                                                                                                                                                                                                                                                                                                                                    |

In addition, Sections 78.378 through 78.3793 of the
Nevada Revised Statutes limit the voting rights of certain acquired shares in a Nevada corporation (an “issuing corporation”)
that (i) has 200 or more stockholders, at least 100 of which are Nevada residents and (ii) conducts business in Nevada. Specifically,
if the acquisition results in ownership of: (i) 20% or more but less than 33%; (ii) 33% percent or more but less than 50%; or (iii) 50%
or more, as applicable, of the issuing corporation’s then outstanding voting power with respect to the election of directors, then
the securities acquired in such acquisition are denied voting rights unless the acquisition is approved by (i) the holders of a majority
of the issuing corporation’s voting power; and (ii) the holders of a majority of each class or series of stock if the acquisition
would adversely affect or change any preference of any relative or other right given to any such class or series. Unless an issuing corporation’s
articles of incorporation or bylaws then in effect provide otherwise: (i) not less than all of the voting securities of the issuing corporation
acquired by the acquiring person may be redeemable by an issuing corporation at the average price paid for the securities within 30 days
if (x) the acquiring person has not given a timely offeror’s statement to the issuing corporation in accordance with Section 78.3789