Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 51

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 51
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 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
of the Nevada Revised Statutes or (y) the issuing corporation’s stockholders vote not to grant voting rights to the acquiring person’s
securities, and (ii) if the issuing corporation’s stockholders vote to accord voting rights to the securities acquired by acquiring
person, then any stockholder of the issuing corporation who voted against granting voting rights to the acquiring person may demand the
purchase from an issuing corporation, for fair value, all or any portion of his securities.

We expect the existence of these provisions to have
an anti-takeover effect with respect to transactions that our Board does not approve in advance and could result in making it more difficult
to accomplish transactions that our shareholders may see as beneficial such as (i) discouraging business combinations that might result
in a premium over the market price for the shares of our Common Stock; (ii) discouraging hostile takeovers which could inhibit temporary
fluctuations in the market price of our Common Stock that often result from actual or rumored hostile takeover attempts; and (iii) preventing
changes in our management.

Disclosure of Commission Position on Indemnification for Securities Act Liabilities

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, we
have been informed that in the opinion of the SEC such indemnification is against public