Company: SLNH
Filing Date: 2025-07-17
Form Type: 424B4
Source: 0001641172-25-019981
Chunk: 24

Company: Soluna Holdings, Inc
Filing Date: 2025-07-17
Form: 424B4
Chunk 24
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Anti-Takeover Effects of Certain Provisions of Our Articles of Incorporation and Bylaws, and Nevada Law

Our Articles of Incorporation and Bylaws contain provisions and terms that may delay, defer, or prevent a tender offer or change in control of the Company that a stockholder might consider to be in his, her, or its best interests, including attempts that might result in a premium being paid over the market price for shares of our Common Stock. The Company expects that such provisions and terms may have the effect of discouraging extraordinary corporate transactions with respect to the Company, such as hostile takeover bids, and will instead encourage any potential acquiror of the Company to first correspond with our Board. These provisions and terms include:

| ● | Special meetings of stockholders may only                                                                                               
 be called by the by the chairman of the board or the chief executive officer, or, if there be no chairman of the board and no chief     
 executive officer, by the president, and shall be called by the secretary upon the written request of at least a majority of the        
 Board or the holders of not less than a majority of the voting power of the Company’s stock entitled to vote.                           |
| ● | The Company maintains a classified Board                                                                                                
 that is divided into three classes serving for respective three-year terms. As a result, it would take at least two successive annual   
 meetings of shareholders to replace a majority of the members of our Board.                                                             |
| ● | Vacancies on the Board may be filled by                                                                                                 
 majority vote of remaining directors then in office, even if less than a quorum, with the individual elected to serve for the remainder 
 of the unexpired term.                                                                                                                  |
| ● | Any director of the Company may be removed                                                                                              
 from service as a director only after the affirmative vote of 75% or more of outstanding shares of stock entitled to vote for the       
 election of directors, at a meeting called for that purpose.                                                                            |

Nevada’s “combinations with interested stockholders” statutes, NRS 78.411 through 78.444, inclusive, prohibit specified types of business “combinations” between certain Nevada corporations and any person deemed to be an “interested stockholder” for two years after such person first becomes an “interested stockholder” unless the corporation’s board of directors approves the combination (or the transaction by which such person becomes an “interested stockholder”) in advance, or unless the combination is approved by the board of directors and sixty percent of the corporation’s