Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 50

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 50
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of the Nevada Revised Statutes or (y) the issuing corporation’s stockholders vote not to grant voting rights to the acquiring person’s
securities, and (ii) if the issuing corporation’s stockholders vote to accord voting rights to the securities acquired by acquiring
person, then any stockholder of the issuing corporation who voted against granting voting rights to the acquiring person may demand the
purchase from an issuing corporation, for fair value, all or any portion of his securities.

We expect the existence of these provisions to have
an anti-takeover effect with respect to transactions that our Board does not approve in advance and could result in making it more difficult
to accomplish transactions that our shareholders may see as beneficial such as (i) discouraging business combinations that might result
in a premium over the market price for the shares of our Common Stock; (ii) discouraging hostile takeovers which could inhibit temporary
fluctuations in the market price of our Common Stock that often result from actual or rumored hostile takeover attempts; and (iii) preventing
changes in our management.

Disclosure of Commission Position on Indemnification for Securities Act Liabilities

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, we
have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable.

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<div align='center'>LEGAL MATTERS</div>

The validity of the shares of Common Stock offered
by this prospectus will be passed upon for us by Parsons Behle & Latimer, Reno, Nevada.

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<div align='center'>EXPERTS</div>

The consolidated balance sheets of Soluna Holdings,
Inc. and its subsidiaries as of December 31, 2024 and 2023, and the related consolidated statements of operations, changes in equity,
and cash flows for each of the years then ended have been audited by UHY LLP, independent registered public accounting firm, as stated
in their report which is incorporated herein by reference. Such financial statements have been incorporated herein by reference in reliance
on the report of such firm given upon their authority as experts in accounting and auditing.

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<div align='center'>WHERE YOU CAN FIND MORE INFORMATION</div>

We have filed with the SEC a registration statement
on Form S-1 under the Securities Act with respect to the shares of Common