Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 49

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 49
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 $              |  19.00 |     |                      |    39,520 |
| $              |  39.60 |     |                      |     2,779 |
| $              | 108.25 |     |                      |    19,464 |
| $              | 206.00 |     |                      |       779 |
| Total          |        |     |                      | 2,407,135 |

Certain Provisions of Our Articles of Incorporation Bylaws

Our Articles of Incorporation and Bylaws contain provisions
and terms that may delay, defer, or prevent a tender offer or change in control of the Company that a shareholder might consider to be
in his, her, or its best interests, including attempts that might result in a premium being paid over the market price for our shares
of Common Stock. The Company expects that such provisions and terms will operate to discourage extraordinary corporate transactions with
respect to the Company, such as takeover bids, and will instead encourage any potential acquiror of the Company to first correspond with
the Board. These provisions and terms include:

| ● | Special meetings of shareholders may only be called by the Chief Executive Officer, President, or Secretary of the Company or otherwise by resolution of the Board; shareholders have no right to call special meetings thereof.            |
| ● | The Company maintains a classified Board that is divided into three classes serving for respective three-year terms. As a result, it would take at least two successive annual meetings of shareholders to replace a majority of our Board. |

| 27 |

| ● | Vacancies on the Board may be filled only by majority vote of remaining directors then in office, even if less than a quorum, with the individual elected to serve for the remainder of the unexpired term.             |
| ● | Except in instances of removal for cause, a director of the Company may be removed from service as a director only after the affirmative vote of 75% or more of outstanding shares of stock or 75% of the entire Board. |

Nevada Anti-Takeover Statutes

We are subject to Sections 78.411 - 78.444 of the
Nevada Revised Statutes, relating to combinations with interested stockholders whose acquisition of shares was not approved by the Board
of Directors. These provisions prohibit an “interested stockholder” from entering into a “combination” with the
Company unless certain conditions are met. An “interested stockholder” is a person who, together