# EDGAR Filing Document

**Accession Number:** 0001896795
**File Stem:** 0001941040-23-000023
**Filing Date:** 2023-1
**Character Count:** 14288
**Document Hash:** de43e190989664bfd3d0631d7768a399
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001941040-23-000023.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001941040-23-000023

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Soluna Holdings, Inc
- **CENTRAL INDEX KEY:** 0000064463
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 141462255
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-03199
- **FILM NUMBER:** 23546759

**BUSINESS ADDRESS:**
- **STREET 1:** 325 WASHINGTON AVENUE EXTENSION
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12205
- **BUSINESS PHONE:** 518-218-2500

**MAIL ADDRESS:**
- **STREET 1:** 325 WASHINGTON AVENUE EXTENSION
- **CITY:** ALBANY
- **STATE:** NY
- **ZIP:** 12205

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MECHANICAL TECHNOLOGY INC
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DOMO Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001896795
- **IRS NUMBER:** 421733609
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** N112 W16298 MEQUON RD
- **STREET 2:** SUITE 111
- **CITY:** GERMANTOWN
- **STATE:** WI
- **ZIP:** 53022
- **BUSINESS PHONE:** 262-993-2348

**MAIL ADDRESS:**
- **STREET 1:** N112 W16298 MEQUON RD
- **STREET 2:** SUITE 111
- **CITY:** GERMANTOWN
- **STATE:** WI
- **ZIP:** 53022

```

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*

                             Soluna Holdings, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   583543103
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                               December 31, 2022
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X|  Rule 13d-1(b)
|_|  Rule 13d-1(c)
|_|  Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

<PAGE>

--------------------------------------------------------------------------------

CUSIP No. 583543103                   13G                      Page 2 of 6 Pages

--------------------------------------------------------------------------------
     1.   Name of Reporting Person

          DOMO Capital Management, LLC
--------------------------------------------------------------------------------
     2.   Check the Appropriate Box If a Member of a Group
          (See Instructions)
          (a)  |_|
          (b)  |_|
--------------------------------------------------------------------------------
     3.   SEC Use Only

--------------------------------------------------------------------------------
     4.   Citizenship or Place of Organization

          Wisconsin, U.S.A.
--------------------------------------------------------------------------------
                   5.   SOLE VOTING POWER

                        None
                   -------------------------------------------------------------
                   6.   SHARED VOTING POWER
   NUMBER OF
     SHARES             1,682,923*
  BENEFICIALLY     -------------------------------------------------------------
 OWNED BY EACH     7.   SOLE DISPOSITIVE POWER
   REPORTING
  PERSON WITH           None
                   -------------------------------------------------------------
                   8.   SHARED DISPOSITIVE POWER

                        1,682,923*
--------------------------------------------------------------------------------
     9.   Aggregate Amount Beneficially Owned by Each Reporting Person

          1,682,923*
--------------------------------------------------------------------------------
     10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)  |_|
--------------------------------------------------------------------------------
     11.  Percent of Class Represented by Amount in Row (9)

          9.0%
--------------------------------------------------------------------------------
     12.  Type of Reporting Person (See Instructions)

          IA
--------------------------------------------------------------------------------
* These shares are owned by clients of DOMO Capital Management, LLC ("DOMO") and
are held in discretionary accounts managed by DOMO.

<PAGE>

--------------------------------------------------------------------------------

CUSIP No. 583543103                   13G                      Page 3 of 6 Pages

--------------------------------------------------------------------------------
     1.   Name of Reporting Person

          Justin R. Dopierala
--------------------------------------------------------------------------------
     2.   Check the Appropriate Box If a Member of a Group
          (See Instructions)
          (a)  |_|
          (b)  |_|
--------------------------------------------------------------------------------
     3.   SEC Use Only

--------------------------------------------------------------------------------
     4.   Citizenship or Place of Organization

          U.S.A.
--------------------------------------------------------------------------------
                   5.   SOLE VOTING POWER

                        34,221
                   -------------------------------------------------------------
                   6.   SHARED VOTING POWER
   NUMBER OF
     SHARES             1,682,923*
  BENEFICIALLY     -------------------------------------------------------------
 OWNED BY EACH     7.   SOLE DISPOSITIVE POWER
   REPORTING
  PERSON WITH           34,221
                   -------------------------------------------------------------
                   8.   SHARED DISPOSITIVE POWER

                        1,682,923*
--------------------------------------------------------------------------------
     9.   Aggregate Amount Beneficially Owned by Each Reporting Person

          1,717,144*
--------------------------------------------------------------------------------
     10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)  |_|
--------------------------------------------------------------------------------
     11.  Percent of Class Represented by Amount in Row (9)

          9.2%
--------------------------------------------------------------------------------
     12.  Type of Reporting Person (See Instructions)

          HC, IN
--------------------------------------------------------------------------------
* These shares are owned by clients of DOMO Capital Management, LLC ("DOMO") and
are held in discretionary accounts managed by DOMO.

<PAGE>

--------------------------------------------------------------------------------

CUSIP No. 583543103                   13G                      Page 4 of 6 Pages

Item 1.

     (a) Name of Issuer:
         Soluna Holdings, Inc.

     (b) Address of Issuer's Principal Executive Offices:
         35 Washington Avenue Extension, Albany, NY 12205

Item 2.

     (a) Names of Person Filing:
         1)  DOMO Capital Management, LLC
         2)  Justin R. Dopierala

     (b) Address of the Principal Office or, if none, residence:
         All reporting persons may be contacted at
         W177N11438 Blackstone Circle, Germantown, Wisconsin, 53022, U.S.A.

     (c) Citizenship:
         DOMO Capital Management, LLC is a Wisconsin limited liability
         company. Justin R. Dopierala is a United States citizen.

     (d) Title of Class of Securities:
         This statement pertains to the shares of common stock, $0.001 per share
         par value, of Soluna Holdings, Inc. (the "Common Stock").

     (e) CUSIP Number:
         583543103

Item 3.  If this statement is filed pursuant to SS.240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:

     (a) |_| Broker or dealer registered under section 15 of the Act
             (15 U.S.C. 78o).

     (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

     (c) |_| Insurance company as defined in section 3(a)(19) of the Act
             (15 U.S.C. 78c).

     (d) |_| Investment company registered under section 8 of the Investment
             Company Act of 1940 (15 U.S.C 80a-8).

     (e) |X| An investment adviser in accordance with S.240.13d-1(b)(1)(ii)(E);

     (f) |_| An employee benefit plan or endowment fund in accordance with
             S.240.13d-1(b)(1)(ii)(F);

     (g) |X| A parent holding company or control person in accordance with
             S. 240.13d-1(b)(1)(ii)(G);

     (h) |_| A savings associations as defined in Section 3(b) of the Federal
             Deposit Insurance Act (12 U.S.C. 1813);

     (i) |_| A church plan that is excluded from the definition of an investment
             company under section 3(c)(14) of the Investment Company Act of
             1940 (15 U.S.C. 80a-3);

     (j) |_| Group, in accordance with S.240.13d-1(b)(1)(ii)(J).
<PAGE>

--------------------------------------------------------------------------------

CUSIP No. 583543103                   13G                      Page 5 of 6 Pages

Item 4.  Ownership

Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.

     (a)  Amount beneficially owned:
          1,682,923 shares may be deemed beneficially owned within the
          meaning of Rule 13d-3 of the Act by DOMO Capital Management,
          LLC by virtue of its investment discretion and/or voting authority
          granted by certain clients. 1,717,144 may be deemed beneficially
          owned within the meaning of Rule 13d-3 of the Act by Justin R.
          Dopierala by virtue of shares owned directly by him and indirectly
          by virtue of his position as the control person of DOMO Capital
          Management, LLC.

     (b)  Percent of class:  9.0% for DOMO Capital Management, LLC and 9.2% for
          Justin R. Dopierala.

     (c)  For information on voting and dispositive power with respect to
          the above listed shares, see Items 5-9 on the Cover Pages.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following |_|.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

With respect to shares held in a fiduciary or representative capacity,
persons other than the reporting persons have the right to receive, or the
power to direct the receipt of, dividends from, or the proceeds from the sale
of, such sales. No person individually has an interest that relates to more
than five percent of the class.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control Person.

          N/A

Item 8. Identification and Classification of Members of the Group

          N/A

Item 9. Notice of Dissolution of Group

          N/A

Item 10. Certification

          By signing below the undersigned certify that, to the best of their
          knowledge and belief, the securities referred to above were acquired
          and are held in the ordinary course of business and were not acquired
          and are not held for the purpose of or with the effect of changing
          or influencing the control of the issuer of the securities and were
          not acquired and are not held in connection with or as a participant
          in any transaction having that purpose or effect, other than
          activities solely in connection with a nomination under Section
          240.14a-11.
<PAGE>

--------------------------------------------------------------------------------

CUSIP No. 583543103                   13G                      Page 6 of 6 Pages

                                   SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

Dated as of the 24th day of January, 2023

DOMO CAPITAL MANAGEMENT, LLC

/s/ Justin R. Dopierala
----------------------------
BY: Justin R. Dopierala
TITLE:  President

/s/ Justin R. Dopierala
----------------------------
BY: Justin R. Dopierala

                                 EXHIBIT INDEX

Exhibit                                     Description
--------------------    -----------------------------------------------------

1                       Joint Filing Agreement (incorporated by reference to
                        Exhibit 1 of the Reporting Persons' Schedule 13G filed
                        with the SEC on January 5, 2022).

```