Company: SLNH
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001641172-25-005429
Chunk: 45

Company: Soluna Holdings, Inc
Filing Date: 2025-04-18
Form: POS AM
Chunk 45
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 provisions of our Series A Preferred Stock. Because it 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 and Bylaws, copies of which
have been filed with the SEC. See “Where You Can Find More Information.”

Voting Rights. Holders
of the Series A Preferred Stock do not have any voting rights, except as described below or as otherwise required by law. In any matter
in which the Series A Preferred Stock may vote (as expressly provided herein or as may be required by law), each share of Series A Preferred
Stock will be entitled to one vote per $25.00 of liquidation preference; provided that if the Series A Preferred Stock and any other stock
ranking on parity to the Series A Preferred Stock as to dividend rights and rights as to the distribution of assets upon the Company’s
liquidation, dissolution or winding up are entitled to vote together as a single class on any matter, the holders of each will vote in
proportion to their respective liquidation preferences.

Dividends. Subject to the
preferential rights, if any, of the holders of any class or series of capital stock of the Company ranking senior to the Series A Preferred
Stock as to dividends, the holders of the Series A Preferred Stock are entitled to receive, when, as and if declared by the Board of Directors
(or a duly authorized committee of the Board), only out of funds legally available for the payment of dividends, cumulative cash dividends
at the annual rate of 9.0% of the $25.00 liquidation preference per year (equivalent to $2.25 per year).

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Liquidation. In the event
of the voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company, holders of shares of Series A Preferred
Stock will be entitled to be paid out of the assets of the Company legally available for distribution to its stockholders (i.e.,
after satisfaction of all the Company’s liabilities to creditors, if any) and, subject to the rights of holders of any shares of
each other class or series of capital stock ranking, as to rights to the distribution of assets upon the Company’s voluntary or
involuntary liquidation, dissolution or winding up, senior to the Series A Preferred Stock, a liquidation preference of $25.00 per share,
plus an amount equal to any accumulated and unpaid dividends to the date of payment (