Company: SLNH
Filing Date: 2025-10-20
Form Type: DEFA14A
Source: 0001493152-25-018649
Chunk: 6

Company: Soluna Holdings, Inc
Filing Date: 2025-10-20
Form: DEFA14A
Chunk 6
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4. What happens if I don’t vote?

If you don’t vote, your shares won’t be represented at the meeting, and it may prevent us from reaching the required threshold for approval. Every vote matters.

5. How many votes are needed to approve the proposals?

At least ⅓ of the outstanding shares must vote to reach a quorum, and the majority of those shares voted must vote in favor of the proposals to pass.

6. What exactly are shareholders being asked to approve?

The main proposal aims to increase Soluna’s authorized common shares from 75 million to 375 million, representing a 300 million share increase.

7. Why does Soluna need more authorized shares?

We’re nearing our current limit of 75 million authorized shares — a milestone that shows just how far Soluna has come. That structure was designed for a much smaller company. Today, we’re operating at a completely different scale.

As we expand our renewable-powered data center platform, we need a capital architecture built for growth. One that supports a larger, faster-moving company.

After surpassing 1 gigawatt of renewable-powered computing projects, breaking ground on Project Kati, and securing $100 million in financing from Generate Capital, we’re positioned to scale faster than ever.

Increasing our authorized shares provides us with the flexibility to maintain that momentum — to manage our cost of capital, finance new projects, form strategic partnerships, pursue acquisitions, and strengthen our balance sheet — all without relying on debt or resorting to reverse stock splits.

Authorized shares are the foundation that enables Soluna to grow responsibly and take Renewable Computing to the next level.

8. Is this a sign of financial distress?

No. This is a strategic move, not a reactive one. It aligns Soluna with peers and ensures the company can act quickly on growth opportunities and partnerships.

9. Does this mean Soluna will issue all 375 million shares right away?

No. Authorizing more shares does notmean they’ll be issued immediately. It simply gives the company the option to issue shares in the future if and when needed.

10. How does this compare to other companies in our industry?

Our peers have far larger share authorizations:

| ● | Marathon             
 (MARA): 800M         |
| ● | CleanSpark           
 (CLSK): 600M         |
| ● | Cipher               
 (CIFR): 500M         |
| ● | Applied              
 Digital (APLD): 400M |
| ● | IREN                 
 Ltd (IRE