Company: SLNH
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001641172-25-006194
Chunk: 36

Company: Soluna Holdings, Inc
Filing Date: 2025-04-25
Form: 424B3
Chunk 36
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 (and notwithstanding the fact that some lesser percentage may be specified by law, the
Articles of Incorporation or the bylaws), any director or the entire Board may be removed at any time, but only for cause or after the
affirmative vote of 75% or more of the outstanding shares of capital stock entitled to vote for the election of directors at a meeting
called for that purpose or after the affirmative vote of 75% of the entire Board.

The Board is divided into three classes, with each
class consisting, as nearly as may be possible, of one-third of the total number of directors, with the terms of the classes scheduled
to expire in successive years. At each annual meeting of the shareholders of the Company, the shareholders elect the members of a single
class of directors for three-year terms.

Dividends. The holders
of the Common Stock are entitled to receive dividends when, as, and if declared by the Board, out of funds legally available therefor.

Liquidation. Upon liquidation,
dissolution, or the winding up of the Company, holders of Common Stock are entitled to receive any remaining assets of the Company in
proportion to the respective number of shares held after payment of and reservation for Company liabilities.

Preemptive Rights. The
holders of shares of our Common Stock do not have any preemptive right to subscribe for or purchase any shares of any class of stock of
the Company.

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Redemption Rights. The
outstanding shares of Common Stock are not subject to redemption by the Company. To the extent that the Company issues additional shares
of Common Stock, the relative interest in the Company of existing shareholders will likely be diluted.

Nonassessability. All outstanding
shares of our Common Stock are fully paid and nonassessable.

Preferred Stock

The following is a summary of the general terms and
provisions of the Preferred Stock that we may issue. We may issue Preferred Stock in one or more classes or series; each class or series
of Preferred Stock will have its own rights and preferences. We will describe in a prospectus supplement (1) the specific terms of the
class or series of any Preferred Stock offered through that prospectus supplement and (2) any general terms outlined in this section that
will not apply to such Preferred Stock. Because this is a summary, it does not contain all of the information that may be important to
you. If you want more information, you should read our Articles of Incorporation, including any