Company: SLNH
Filing Date: 2025-04-18
Form Type: S-3
Source: 0001641172-25-005430
Chunk: 26

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: S-3
Chunk 26
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 or its best interests, including attempts that might result in a premium being paid over the market price for shares of our Common Stock. The Company expects that such provisions and terms may have the effect of discouraging extraordinary corporate transactions with respect to the Company, such as hostile takeover bids, and will instead encourage any potential acquiror of the Company to first correspond with our Board. These provisions and terms include:

| ● | Special                                                                                              
 meetings of stockholders may only be called by the by the chairman of the board                      
 or the chief executive officer, or, if there be no chairman of the board and no chief executive      
 officer, by the president, and shall be called by the secretary upon the written request             
 of at least a majority of the Board or the holders of not less than a majority of the voting         
 power of the Company’s stock entitled to vote.                                                       |
| ● | 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 the members of our Board.                                                   |
| ● | Vacancies                                                                                            
 on the Board may be filled 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.                                                                                                |
| ● | Any                                                                                                  
 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 entitled to vote for the election of directors,        
 at a meeting called for that purpose.                                                                |

Nevada’s
“combinations with interested stockholders” statutes, NRS 78.411 through 78.444, inclusive, prohibit specified types of business
“combinations” between certain Nevada corporations and any person deemed to be an “interested stockholder” for
two years after such person first becomes an “interested stockholder” unless the corporation’s board of directors approves
the combination (or the transaction by which such person becomes an “interested stockholder”) in advance, or unless the combination
is approved by the board of directors and sixty percent of the corporation’s voting power not beneficially owned by the interested
stockholder, its affiliates and associates. Further, in the absence of prior approval certain restrictions may apply even after such
two year period. However, these statutes do not apply to any combination of a corporation and an interested stock