Company: SLNH
Filing Date: 2025-07-09
Form Type: PRE 14A
Source: 0001641172-25-018420
Chunk: 3

Company: Soluna Holdings, Inc
Filing Date: 2025-07-09
Form: PRE 14A
Chunk 3
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”);                                                                                                     |
| ● | To                                                                                                                                   
 approve the adjournment of the Annual Meeting in the event that the number of shares of the Company’s Voting Capital Stock           
 present or represented by proxy at the Annual Meeting and voting “FOR” the approval of the Reverse Stock Split Proposal              
 is insufficient to approve such proposal (the “Adjournment Proposal”);                                                               |
| ● | To                                                                                                                                   
 ratify the appointment of UHY LLP as our independent registered public accounting firm for the year ending December 31, 2025 (the    
 “Auditor Proposal”); and                                                                                                             |
| ● | To                                                                                                                                   
 consider any other matters that may properly come before the Annual Meeting, including any adjournment or postponement thereof.      |

| 1 |

What are the Board’s recommendations?

Our Board believes that (A) the election of David Michaels and Matthew Lipman as Class II directors, (B) the Reverse Stock Split Proposal, (C) the Adjournment Proposal, and (D) the Auditor Proposal, are each advisable and in the best interests of the Company and its stockholders and recommends that you vote FOReach of the director nominees and FOReach of the foregoing proposals. If you are a stockholder of record and you return a properly executed proxy card or submit a proxy to vote over the Internet but do not mark the boxes showing how you wish to vote, your shares will be voted in accordance with the recommendations of the Board, as set forth above. With respect to any other matter that properly comes before our Annual Meeting, the proxy holders will vote as recommended by the Board or, if no recommendation is given, at their own discretion.

Who is entitled to vote at the meeting?

Only holders of record of our Voting Capital Stock outstanding at the close of business on the Record Date, are entitled to receive notice of the Annual Meeting and to vote the shares of Voting Capital Stock that they held on that date at the Annual Meeting or any postponement or adjournment of the Annual Meeting, subject to, in the case of Series B Preferred Stock only, the Beneficial Ownership Limitation (the “Beneficial Ownership Limitation”) set forth in the Certificate of Designation of Preferences, Rights and Limitations of the Series B Convertible Preferred Stock (the “Certificate of Designation for the Series B Preferred Stock”). Holders of record of the Voting Capital Stock have the right to vote on all matters brought before the Annual Meeting.

Holders of our common stock
are entitled to one vote per