Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 148

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 148
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 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 October 2, 2024, 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 of our Series B Preferred Stock issued and outstanding. Unless the applicable prospectus supplement indicates otherwise, we will have the right to “reopen” a previous issue of a series of Preferred Stock by issuing additional Preferred Stock of such series.

The Preferred Stock will have the distribution, liquidation, redemption, voting and conversion rights described in this section unless we state otherwise in the applicable prospectus supplement. The liquidation preference is not indicative of the price at which the Preferred Stock will actually trade on or after the date of issuance. You should read the prospectus supplement relating to the particular class or series of the Preferred Stock for specific terms, including:

| ● | the                                                                                             
 distinctive designation of the applicable class or series of Preferred Stock and the number     
 of shares that will constitute the class or series;                                             |
| ● | the                                                                                             
 initial offering price of such Preferred Stock;                                                 |
| ● | relative                                                                                        
 ranking and preference of such Preferred Stock as to distribution rights and rights upon        
 liquidation, dissolution or winding up of our affairs;                                          |
| ● | the                                                                                             
 distribution rate or rates (or method of calculation) on that class or series, the distribution 
 periods, the date(s) on which distributions will be payable and whether the distributions       
 will be cumulative, noncumulative or partially cumulative, and, if cumulative, the dates        
 from which the distributions will start to cumulate;                                            |
| ● | any                                                                                             
 redemption or sinking fund provisions of that class or series;                                  |
| ●