Company: SLNH
Filing Date: 2025-10-14
Form Type: DEF 14A
Source: 0001493152-25-018023
Chunk: 15

Company: Soluna Holdings, Inc
Filing Date: 2025-10-14
Form: DEF 14A
Chunk 15
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 will not have any preemptive or similar rights to subscribe for or purchase any additional   
 shares of common stock that may be issued in the future, and therefore, future issuances     
 of common stock, depending on the circumstances, will have a dilutive effect on the earnings 
 per share, voting power and other interests of our existing stockholders.                    |
| ● | The                                                                                          
 additional shares of common stock for which authorization is sought in this proposal would   
 be part of the existing class of common stock and, if and when issued, would have the same   
 rights and privileges as the shares of common stock presently outstanding.                   |

Additionally, the issuance of authorized but unissued shares of common stock could be used to deter a potential takeover of us that may otherwise be beneficial to stockholders by diluting the shares held by a potential suitor or issuing shares to a stockholder that will vote in accordance with the Board’s desires. A takeover may be beneficial to independent stockholders because, among other reasons, a potential suitor may offer such stockholders a premium for their shares of stock compared to the then-existing market price. We have not entered into any plans or agreements that may have material anti-takeover consequences.

We have no specific plan, commitment, arrangement, understanding or agreement, either oral or written, regarding the issuance of common stock subsequent to this proposed increase in the number of authorized shares at this time, and we have not allocated any specific portion of the proposed increase in the authorized number of shares to any particular purpose. However, we have in the past conducted certain public and private offerings of common stock, preferred stock and warrants, and we will continue to require additional capital in the near future (including pursuant to the SEPA and the ATM Agreement) to fund our projects and operations. As a result, it is foreseeable that we will seek to issue such additional shares of common stock in connection with any such capital raising activities, or any of the other activities described above. The Board does not intend to issue any shares of common stock, or securities convertible into shares of common stock except on terms that the Board deems to be in the interests of us and our stockholders. We are therefore requesting that our stockholders approve this proposal to amend our Articles to increase the number of shares of common stock authorized for issuance thereunder from 75,000,000 shares to 375,000,000 shares.

Required Vote

Pursuant to NRS 78.390, as amended effective May 30, 2025, by Assembly