Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 152

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 152
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 under Nevada law, amounts that would be needed, if we were to be dissolved at the time of the distribution, to satisfy the preferential rights upon dissolution of the holders of a class or series of Preferred Stock will not be added to our total liabilities.

Voting Rights. Holders of our Preferred Stock will not have any voting rights, except as set forth below or otherwise from time to time specified in the applicable prospectus supplement.

Unless otherwise provided for in an applicable class or series, so long as any Preferred Stock are outstanding, we may not, without the affirmative vote or consent of a majority of the shares of each affected class or series of Preferred Stock outstanding at that time:

| ● | reclassify                                                                                         
 any authorized shares of capital stock into a class or series of shares of capital stock           
 ranking senior to that class or series of Preferred Stock with respect to distribution and         
 liquidation rights;                                                                                |
| ● | create,                                                                                            
 authorize or issue any security or obligation convertible into or evidencing the right to          
 purchase any shares of capital stock ranking senior to that class or series of Preferred           
 Stock with respect to distribution and liquidation rights; and                                     |
| ● | amend,                                                                                             
 alter or repeal the provisions of our Articles of Incorporation or any Certificate of Designations 
 relating to that class or series of Preferred Stock, whether by merger, consolidation or           
 otherwise, in a manner that materially and adversely affects the class or series of Preferred      
 Stock.                                                                                             |

The authorization, creation or increase of the authorized or issued amount of any class or series of shares of capital stock ranking on parity or junior to a class or series of Preferred Stock with respect to distribution and liquidation rights will not be deemed to materially and adversely affect that class or series. Further, with respect to any merger, consolidation or similar event, so long as a class or series of Preferred Stock remains outstanding with the terms thereof materially unchanged or the holders of shares of that class or series receive shares of the successor with substantially identical rights, taking into account that, upon the occurrence of such event, we may not be the surviving entity, the occurrence of such event will not be deemed to materially and adversely affect that class or series.

The foregoing voting provisions will not apply if all of the outstanding shares of the class or series of Preferred Stock with the right to vote have been redeemed or called for redemption and sufficient funds have been deposited in trust for the redemption either at or prior to the act triggering these voting rights.

Conversion and Exchange Rights. We will describe in the