Company: SLNH
Filing Date: 2025-07-21
Form Type: DEF 14A
Source: 0001641172-25-020351
Chunk: 42

Company: Soluna Holdings, Inc
Filing Date: 2025-07-21
Form: DEF 14A
Chunk 42
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 stock will not be affected by a Reverse Stock Split. Shares of common stock issued pursuant to a Reverse Stock Split will remain fully paid and nonassessable.

A Reverse Stock Split will not affect the number of authorized shares of common stock. Although a Reverse Stock Split will not, by itself, have any immediate dilutive effect on stockholders, the proportion of shares owned by stockholders relative to the number of shares authorized for issuance will decrease because the number of authorized shares of common stock would remain unchanged. As a result, additional authorized shares of common stock would become available for issuance at such times and for such purposes as our Board may deem advisable without further action by stockholders, except as required by applicable law or stock exchange rules. To the extent that additional authorized shares of common stock are issued in the future, such shares could be dilutive to our existing stockholders by decreasing such stockholders’ percentage of equity ownership in us.

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Assuming this proposal is approved by the stockholders and implemented by the Board:

|                                                                                     |     | Current(1) |            |     | 1:5 |            |     | 1:10 |            |     | 1:25 |            |     |   |       1:50 |
| Common Stock Authorized                                                             |     |            | 75,000,000 |     |     | 75,000,000 |     |      | 75,000,000 |     |      | 75,000,000 |     |   | 75,000,000 |
| Common Stock Issued and Outstanding                                                 |     |            | 19,055,122 |     |     |  3,811,025 |     |      |  1,905,513 |     |      |    762,205 |     |   |    381,103 |
| Number of Shares of Common Stock Reserved for Issuance(2)                           |     |            |  5,530,229 |     |     |  1,106,046 |     |      |    553,023 |     |      |    221,210 |     |   |    110,605 |
| Number of Shares of Common Stock Authorized but Unissued and Unreserved             |     |            | 50,414,649 |     |     | 70,082,929 |     |      | 72,541,464 |     |      | 74,016,585