Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 38

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 38
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 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 applicable Certificates of Designations,
and Bylaws, which have been filed as exhibits to the registration statement of which this prospectus forms a part.

General. Our Articles of
Incorporation authorize the Board, without obtaining stockholder approval, to issue up to 10,000,000 shares of Preferred Stock, from time
to time, in one or more series, and to fix the number of shares and determine for each such series such voting powers, designations, preferences,
and relative participating, optional, or other rights and such qualifications, limitations, or restrictions thereof. The Board is also
expressly authorized to increase or decrease (but not below the number of such series then outstanding) the number of shares of any series
subsequent to the issuance of shares of that series. If the number of shares of any series is decreased, the shares no longer designated
as shares of such series will resume the status of “blank check” preferred stock and may be designated, again, as a new series
of Preferred Stock by the Board.

As of April 18, 2025, 6,040,000 shares of
our Preferred Stock were classified as shares of Series A Preferred Stock and 187,500 shares were classified as Series B Preferred Stock,
with 4,953,545 shares of our Series A Preferred Stock issued and outstanding and 62,500 shares