Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 37

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 37
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 a summary, it does not contain all of the information that may be important to you. If you
want more information, you should read our Articles of Incorporation and Bylaws, which have been filed as exhibits to the registration
statement of which this prospectus forms a part.

Except as otherwise described in the applicable prospectus
supplement, and subject to the preferential rights of any other class or series of shares of capital stock then outstanding or which may
be issued holders of our Common Stock are entitled to the following:

Voting Rights. The holders
of the Common Stock are entitled to one vote per share held and have the right and power to vote on all matters on which a vote of shareholders
is taken. Shareholders do not have cumulative voting rights in the election of directors. The election of directors of the Company is
decided by plurality vote and all other questions are decided by majority vote of shareholders present in person or by proxy, except as
otherwise required by the NRS or our Articles of Incorporation. Our Articles of Incorporation provide that notwithstanding any other provision
of our Articles of Incorporation or the bylaws (and notwithstanding the fact that some lesser percentage may be specified by law, the
Articles of Incorporation or the bylaws), any director or the entire Board may be removed at any time, but only for cause or after the
affirmative vote of 75% or more of the outstanding shares of capital stock entitled to vote for the election of directors at a meeting
called for that purpose or after the affirmative vote of 75% of the entire Board.

The Board is divided into three classes, with each
class consisting, as nearly as may be possible, of one-third of the total number of directors, with the terms of the classes scheduled
to expire in successive years. At each annual meeting of the shareholders of the Company, the shareholders elect the members of a single
class of directors for three-year terms.

Dividends. The holders
of the Common Stock are entitled to receive dividends when, as, and if declared by the Board, out of funds legally available therefor.

Liquidation. Upon liquidation,
dissolution, or the winding up of the Company, holders of Common Stock are entitled to receive any remaining assets of the Company in
proportion to the respective number of shares held after payment of and reservation for Company liabilities.

Preemptive Rights. The
holders of shares of our Common Stock do not have any preemptive right to subscribe for or purchase