Company: SLNH
Filing Date: 2025-10-27
Form Type: DEFA14A
Source: 0001493152-25-019749
Chunk: 7

Company: Soluna Holdings, Inc
Filing Date: 2025-10-27
Form: DEFA14A
Chunk 7
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 far larger share authorizations:

| ● | Marathon             
 (MARA): 800M         |
| ● | CleanSpark           
 (CLSK): 600M         |
| ● | Cipher               
 (CIFR): 500M         |
| ● | Applied              
 Digital (APLD): 400M |
| ● | IREN                 
 Ltd (IREN): ~1B      |
| ● | Bitfarms             
 (BITF): Unlimited    |

Soluna’s proposed 375M remains conservative by comparison.

11. What happens if the proposal isn’t approved?

Without additional authorized shares, Soluna’s flexibility becomes limited, leaving fewer options to fund growth or refinance debt.

The alternatives could include:

| ● | A                                           
 reverse stock split                         |
| ● | Raising                                     
 money at less favorable terms               |
| ● | Or                                          
 borrowing, which adds risk                  |
| ● | Resubmit                                    
 during another special stockholder meeting. |

12. Will this dilute my current shares?

Not immediately. Authorizing additional shares allowsissuance but doesn’t automatically dilute ownership. The company will only issue new shares when it’s strategically beneficial for long-term growth.

In the event new shares are issued, the resulting share dilution does not necessarily dilute share value. In fact, share dilution done right results in value accretion. Share dilution naturally occurs when the company issues new shares, while value dilution or accretion is the economic effect resulting from the investment of that new capital. Value dilution is not an automatic consequence of issuing new shares. Value dilution depends on whether the capital raised is invested wisely, leading to a scenario where, even though each share represents a smaller percentage of ownership, the value of each share increases.

Share dilution is a normal part of a company’s growth, whereas value dilution or accretion is the outcome of the investment of the new capital.

14. How will this impact the stock price?

The proposal itself doesn’t change the stock price. However, maintaining capital flexibility and competitive positioning can help support long-term shareholder value.

15. Is this related to Nasdaq compliance?

No. This proposal is notabout maintaining Nasdaq listing requirements. It’s about strategic flexibility and future growth.

16. How does this help Soluna’s mission?

This flexibility helps fund projects like Project Katiand future Renewable Computing sites, accelerating our mission to make renewable energy a global superpower.

17. Def14A shows 64m shares issued