Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 42

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 42
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 the accrued distributions per share on
such class or series and such other shares bear to each other.

Unless otherwise specified in the applicable prospectus
supplement, we will credit any distribution payment made on an applicable class or series, including any capital gain distribution, first
against the earliest accrued but unpaid distribution due with respect to the class or series.

Redemption. We may have
the right or may be required to redeem one or more classes or series of Preferred Stock, as a whole or in part, in each case upon the
terms, if any, and at the times and at the redemption prices shown in the applicable prospectus supplement. If a class or series of Preferred
Stock is subject to mandatory redemption, we will specify in the applicable prospectus supplement the number of shares we are required
to redeem, when those redemptions start, the redemption price and any other terms and conditions affecting the redemption. The redemption
price will include all accrued and unpaid distributions, except in the case of noncumulative Preferred Stock. The redemption price may
be payable in cash or other property, as specified in the applicable prospectus supplement. If the redemption price for Preferred Stock
of any class or series is payable only from the net proceeds of our issuance of shares of capital stock, the terms of the Preferred Stock
may provide that, if no shares of capital stock shall have been issued or to the extent the net proceeds from any issuance are insufficient
to pay in full the aggregate redemption price then due, the Preferred Stock will automatically and mandatorily be converted into shares
of Common Stock pursuant to conversion provisions specified in the applicable prospectus supplement.

Liquidation Preference.
The applicable prospectus supplement will specify the liquidation preference of the applicable class or series. Upon our voluntary or
involuntary liquidation, dissolution or winding up of our affairs, before any distribution may be made to the holders of our common shares
or any other shares of capital stock ranking junior in the distribution of assets upon any liquidation, dissolution or winding up of our
affairs, to the applicable class or series, the holders of that class or series will be entitled to receive, out of our assets legally
available for distribution to shareholders, liquidating distributions in the amount of the liquidation preference, plus an amount equal
to all distributions accrued and unpaid. In the case of a noncumulative applicable class or series, accrued and unpaid distributions include
only the then current distribution period. Unless otherwise specified in the applicable prospectus supplement, if liquidating