Company: SLNH
Filing Date: 2025-07-21
Form Type: DEF 14A
Source: 0001641172-25-020351
Chunk: 41

Company: Soluna Holdings, Inc
Filing Date: 2025-07-21
Form: DEF 14A
Chunk 41
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 increase may not         
 be long-term or permanent. The market price of our common stock is dependent on many factors, including our business and financial        
 performance, general market conditions, prospects for future growth and other factors detailed from time to time in the reports we        
 file with the SEC. We cannot predict the effect that the Reverse Stock Split may have upon the market price of our common stock with      
 any certainty, and the history of similar reverse stock splits for companies in similar circumstances to ours is varied. The total        
 market capitalization of our common stock after the proposed Reverse Stock Split may be lower than the total market capitalization        
 before the proposed Reverse Stock Split and, in the future, the market price of our common stock following the Reverse Stock Split        
 may not exceed or remain higher than the market price prior to the proposed Reverse Stock Split.                                          |
| ● | Even                                                                                                                                      
 if our stockholders approve the Reverse Stock Split Proposal and one or more Reverse Stock Splits are effected, there can be no assurance 
 that we will continue to meet the continued listing requirements of the Nasdaq Capital Market.                                            |
| ● | Any                                                                                                                                       
 Reverse Stock Split may result in some stockholders owning “odd lots” of less than 100 shares of common stock on a post-split             
 basis. These odd lots may be more difficult to sell, or require greater transaction costs per share to sell, than shares in “round        
 lots” of even multiples of 100 shares. Although our Board believes that the decrease in the number of shares of common stock              
 outstanding as a consequence of a Reverse Stock Split and the anticipated increase in the market price of common stock could encourage    
 interest in our common stock and possibly promote greater liquidity for stockholders, such liquidity could also be adversely affected     
 by the reduced number of shares outstanding after such Reverse Stock Split.                                                               |

Principal Effects of a Reverse Stock Split

If a Reverse Stock Split(s) is approved and effected with respect to our issued and outstanding common stock, each holder of common stock outstanding immediately prior to the effectiveness of a Reverse Stock Split will own a reduced number of shares of common stock upon effectiveness of such Reverse Stock Split. A Reverse Stock Split would be effected simultaneously for all outstanding shares of common stock at the same split ratio. Except for adjustments that may result from the treatment of fractional shares (as described below), a Reverse Stock Split would affect all stockholders uniformly and would not change any stockholder’s percentage ownership interest in us. The relative voting rights and other rights and preferences that accompany the shares of common