Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 44

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 44
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 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 applicable prospectus supplement the terms and conditions, if any, upon which you may, or we may require you to,
convert or exchange Preferred Stock of any class or series into shares of Common Stock or any other class or series of shares of capital
stock or debt securities or other property. The terms will include the number of shares of Common Stock or other securities or property
into which the Preferred Stock are convertible or exchangeable, the conversion or exchange price (or the manner of determining it), the
conversion or exchange period, provisions as to whether conversion or exchange will be at the option of the holders of the class or series
or at our option, the events requiring an adjustment of the conversion or exchange price and provisions affecting conversion or exchange
upon the redemption of shares of the class or series.

Series A Preferred Stock

The following is a summary of
some general terms and