Tillkännagivande • Apr 16
Soluna Holdings, Inc Announces Notice of Non-Compliance with Nasdaq Listing Rule On April 10, 2026, Soluna Holdings, Inc. (the Company) received written notice (the Notice) from The Nasdaq Stock Market LLC (Nasdaq) that the closing bid price for the Company's common stock, par value $0.001 per share (the Common Stock), had been below $1.00 per share for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market as set in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing or trading of the Common Stock on the Nasdaq Capital Market. In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until October 7, 2026, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this 180-day period. If the Company is not in compliance by October 7, 2026, the Company may qualify for a second 180 calendar-day period to regain compliance. If the Company does not qualify for, or fails to regain compliance during the second compliance period, then Nasdaq will notify the Company of its determination to delist the Common Stock, at which point the Company would have an option to appeal the delisting determination to a Nasdaq hearings panel. The Company intends to actively monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available strategies to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. Tillkännagivande • Dec 10
Soluna Holdings, Inc. Announces November 2025 Project Site-Level Operations, Developments, and Updates Soluna Holdings, Inc. announced its November 2025 project site-level operations, developments, and updates. Project Dorothy 1A (25 MW, Bitcoin Hosting) /Project Dorothy 1B (25 MW, Bitcoin Prop-Mining): D1A continues to operate at a high level, with coordination efforts underway in preparation for the 20 MW Canaan deployment expected in First Quarter -2026. D1B had an additional 900 S19 XP miners deployed at the start of November, replacing the current S19J Pro fleet. Project Dorothy 2 (48 MW, Bitcoin Hosting): Final construction was completed, and the site has transitioned to operations with all customers fully deployed. Project Sophie (25 MW, Bitcoin Hosting): The deployment of a 3.3 MW partnership with KULR was completed at the beginning of November, and the site has remained at full capacity since then. Project Kati 1 (83 MW Under Construction, Bitcoin Hosting): Installation of the main network is underway in the office, which is fully framed. Phase K1A 48 MW Galaxy is progressing, with 12 MW of containers installed and up to 24 MW underway. The civil construction Phase K1B 35 MW Soluna MDCs have started, with the MDC concrete pads being poured, allowing the mechanical framing of the buildings to commence. Project Kati 2 (83 MW+ Under Development, AI/HPC Hosting): Test fit complete for initial data center design, which can accommodate the latest NVIDIA GPUs. Architecture and electrical engineering firms have been identified for concept and detailed design. The site has received significant interest from a variety of tenants, including Neocloud and Hyperscalers. Project Grace (2 MW at Dorothy 2, Under Development, AI/HPC Hosting): Advanced detailed engineering for Project Grace microgrid electrical design for AI load Integration. Pipeline Highlights: Finalizing Power Purchase Agreements (PPA) and Retail Electric Provider (REP) agreements for Projects Ellen and Hedy. Work continues on PPA agreements for projects Annie, Gladys, Rosa, and Fei. Customer Success: Completed deployment of 48 MW across three new and expanding partnership agreements secured this year at Project Dorothy 2. Completed the deployment of 7 MW across two new partnership agreements secured this year at Project Sophie. Tillkännagivande • Dec 09
Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $31.987936 million. Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $31.987936 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,929,944
Price\Range: $1.77
Discount Per Security: $0.124
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 12,149,200
Price\Range: $1.769
Discount Per Security: $0.124
Security Name: Series C Warrants
Security Type: Equity Warrant
Securities Offered: 18,079,144
Transaction Features: Registered Direct Offering Tillkännagivande • Dec 05
Soluna Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $31.987936 million. Soluna Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $31.987936 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,929,944
Price\Range: $1.77
Discount Per Security: $0.124
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 12,149,200
Price\Range: $1.769
Discount Per Security: $0.124
Security Name: Series C Warrants
Security Type: Equity Warrant
Securities Offered: 18,079,144
Transaction Features: Registered Direct Offering Tillkännagivande • Oct 22
Soluna Holdings, Inc. Appoints Agnes Budzyn to Board of Directors Soluna Holdings, Inc. announced the appointment of Agnes Budzyn to its Board of Directors. Agnes brings more than a decade of experience across finance, digital assets, and technology strategy, with a proven track record of bridging traditional finance and emerging innovation. She currently serves as CEO and Managing Partner of Bluedge Ventures, an investment firm focused on digital infrastructure and dual-use technologies, and has previously held leadership roles at BlackRock and ConsenSys, where she helped shape the growth of the Ethereum ecosystem. Throughout her career, Agnes has collaborated with major global institutions, including the European Central Bank, Swiss National Bank, and the U.S. Federal Reserve, during her tenure at BlackRock, where she managed over $40 billion in portfolio restructuring. She has also advised organizations on IPO readiness, business transformation, and strategic funding, and currently serves on the Board of Yale Club Audit Committee and the London Stock Exchange/FTSE Russell Digital Assets Advisory Committee. A recognized thought leader in fintech and decentralization, Agnes has spoken at leading institutions such as Harvard, Oxford, Cornell, and the World Economic Forum in Davos, where she was named to the Forum of Young Global Leaders. This appointment reflects Soluna’s ongoing efforts to enhance its governance and deepen expertise across finance, capital markets, and digital infrastructure. Tillkännagivande • Jul 23
Soluna Holdings, Inc. announced that it has received $20 million in funding from Spring Lane Management, LLC Soluna Holdings, Inc. announced a private placement with returning investor Spring Lane Management, LLC for gross proceeds of $20 million on July 22, 2025. Tillkännagivande • Jul 18
Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $4.999704 million. Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $4.999704 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 8,794,544
Price\Range: $0.55
Discount Per Security: $0.039
Security Name: Series A Warrants
Security Type: Equity Warrant
Securities Offered: 9,090,909
Security Name: Series B Warrants
Security Type: Equity Warrant
Securities Offered: 9,090,909
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 296,365
Price\Range: $0.549
Discount Per Security: $0.039 Tillkännagivande • Jul 10
Soluna Holdings, Inc. Announces June 2025 Project Site-Level Operations, Developments, and Updates Soluna Holdings, Inc. announced its June 2025 project site-level operations, developments, and updates. Key Project Updates: Project Dorothy 1A (25 MW, Bitcoin Hosting) /Project Dorothy 1B (25 MW, Bitcoin Prop-Mining): The site has continued to navigate through extreme heat conditions, operating at greater than 90% uptime. Filter replacement is underway to assist with airflow optimization. Fleet upgrade underway for two hosting customers to drive increases in hashrate. A review is underway at Project Dorothy 1B with JV partner to upgrade aging miners and enhance hashrate performance. Project Dorothy 2 (48 MW Under Construction, Bitcoin Hosting): The three build phases (16 MW, 14 MW, and 18 MW) are all tracking on schedule. Additional temporary support has been onboarded to complete the deployment of miners for Phase 1 by next week. Power commissioning has started for Phase 2 (14 MW) and is expected to be completed by the end of the month in advance of the planned substantial completion date of early August. Company are in the process of receiving miners for Phase 2 and deploying them as power commissioning efforts are completed. Project Sophie (25 MW, Bitcoin Hosting with Profit Share, AI Hosting): The fleet expansion for an existing customer was completed, and the site has maintained steady state operations throughout the month. Project Kati (166 MW Under Development, Bitcoin Hosting and AI): ERCOT has completed modeling for Phase 1 (83 MW), which reached its Production Load Date on July 2, 2025. Contracting for Kati 1 (83 MW) construction of Bitcoin Hosting is underway, and mobilization timing is in the process of being finalized. The project is expected to be constructed in at least two phases, including a 35 MW phase. Pipeline Highlights: Development activities have launched on Projects Hedy, Ellen, and Annie, with progress across PPA negotiations, ERCOT planning, and land acquisition. The long-term pipeline increased by 200 MW, now reaching 2.8 GW, driven by new curtailment assessments and active term sheet discussions. A project scoring system is being developed to assess AI hosting potential across the portfolio. Tillkännagivande • Jul 06
Soluna Holdings, Inc., Annual General Meeting, Aug 18, 2025 Soluna Holdings, Inc., Annual General Meeting, Aug 18, 2025. Tillkännagivande • May 23
Soluna Holdings, Inc. has filed a Follow-on Equity Offering. Soluna Holdings, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Series A Warrants
Security Type: Equity Warrant
Security Name: Series B Warrants
Security Type: Equity Warrant
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Tillkännagivande • May 09
Soluna Holdings, Inc. Receives Written Notice from Nasdaq Regarding Minimum Bid Price Requirement On May 8, 2025, Soluna Holdings, Inc. (the Company") received written notice (the Notice") from The Nasdaq Stock Market LLC (Nasdaq") that the closing bid price for the Company's common stock had been below $1.00 per share for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market as set in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until November 4, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this 180-day period. If the Company is not in compliance by November 4, 2025, the Company may qualify for a second 180 calendar-day period to regain compliance. If the Company does not qualify for, or fails to regain compliance during the second compliance period, then Nasdaq will notify the Company of its determination to delist its common stock, at which point the Company would have an option to appeal the delisting determination to a Nasdaq hearings panel. The Company intends to actively monitor the closing bid price of its common stock and may, if appropriate, consider implementing available strategies to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. Tillkännagivande • Apr 30
Soluna Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $3.75 million. Soluna Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $3.75 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Tillkännagivande • Mar 25
Soluna Powers Up Project Dorothy 2, to Increase Bitcoin Hosting Capacity by 60% to 123 Mw Soluna Holdings, Inc. announced that it has the approval from ERCOT and has successfully begun the initial energizing and phased commissioning of Project Dorothy 2, marking a significant expansion of its Bitcoin Hosting capacity. The energization of Project Dorothy 2 represents the next phase of Soluna's Texas-based data center, designed to integrate seamlessly with renewable energy sources. The initial energization for the first 18 MW will be fully ramped in Second Quarter 2025 and the remaining two phases totaling 30 MW will be completed by Fourth Quarter 2025. The facility is connected to a 150 MW wind farm, providing a scalable solution to reduce curtailment and optimize clean energy usage. This new phase brings additional computing capacity online, reinforcing Soluna's commitment to powering high-performance computing with sustainable energy. Key Features of Project Dorothy 2: Additional 48 MW of renewable-powered Bitcoin Hosting brings Soluna's total capacity to 123 MW. Strategic integration with local energy infrastructure to minimize curtailment; Optimized efficiency to support Bitcoin mining workloads with reduced environmental impact; Demonstrates capability to scale data center facilities to material, 100MW+, size cost-effectively and efficiently. Soluna continues its tradition of naming its data centers after women scientists who help catalyze major innovation. Project Dorothy is named after Dorothy Vaughan, an African American mathematical and "human computer" who worked for the National Advisory Committee for Aeronautics and NASA in 1939, exemplifying innovation and excellence in computing. Tillkännagivande • Dec 19
Soluna Holdings, Inc. Appoints Ernest Popescu to Advisory Board Soluna Holdings, Inc. announced the appointment of Ernest Popescu to its advisory board. Ernest Popescu is the Chief Executive Officer and founder of Metrobloks. Prior to founding Metrobloks, Ernest had a distinguished career at Amazon Web Services (AWS) and Meta (formerly Facebook), where he held leadership roles in global data center capacity planning and development. Ernest also served as the global data center development lead at Iron Mountain Data Centers, where he developed a pipeline of over 2 GW of opportunities across the US and Europe. His experience spans both develop and sell and develop and buy models, positioning him as a forward-thinking leader with a comprehensive view of the data center industry. Tillkännagivande • Sep 10
Soluna Holdings, Inc. announced that it expects to receive $25 million in funding from Yorkville Advisors Global LP Soluna Holdings, Inc. announced that it has entered into standby equity purchase agreement for the gross proceeds of $25 million on September 9, 2024. The transaction will include participation from new investor, a fund managed by Yorkville Advisors Global L.P. Tillkännagivande • Jul 24
Soluna Holdings, Inc. announced that it has received $30 million in funding from Spring Lane Management, LLC On July 24, 2024, Soluna Holdings, Inc. closed the transaction. Tillkännagivande • May 22
Soluna Holdings, Inc. announced that it expects to receive $30 million in funding from Spring Lane Management, LLC Soluna Holdings, Inc. announced a private placement led by new investor Spring Lane Management, LLC for the gross proceeds of $30,000,000 on May 21, 2024. Tillkännagivande • May 01
Soluna Holdings, Inc., Annual General Meeting, May 30, 2024 Soluna Holdings, Inc., Annual General Meeting, May 30, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect four directors to serve for a three-year term ending at the Company’s annual meeting of stockholders to be held in 2027 and until each such director’s successor is duly elected and qualified; to approve adjustments to the conversion price of outstanding convertible promissory notes, adjustments to the exercise price of outstanding warrants to purchase Common Stock held by the holders of outstanding convertible promissory notes, the issuance of shares of our Common Stock upon the conversion of such convertible promissory notes, and the issuance of shares of Common Stock upon the exercise of such warrants to purchase our Common Stock, in each case as required by the terms of the Fourth Amendment to the October 25, 2021 Purchase Agreement and the Nasdaq Listing Rules; to approve an amendment to the Soluna Holdings, Inc. Amended and Restated 2021 Stock Incentive Plan; and to consider other matters. Tillkännagivande • Nov 07
Soluna Holdings, Inc. Establishes Advisory Board Soluna Holdings, Inc. announced the formation of its new Advisory Board and the appointment of Daniel Golding, a former head of advanced engineering and data center innovation at Google. The Advisory Board has been formed to further accelerate the Company’s plan to offer its AI customers purpose-built facilities powered by renewable energy at ground breaking costs. Tillkännagivande • Nov 02
Soluna Regains Compliance with Nasdaq Minimum Bid Price Requirement Soluna Holdings, Inc. (“SHI” or the “Company”) announced that on October 30, 2023, it received a notification letter (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it had regained compliance with the minimum bid price requirement set in the Nasdaq Listing Rule 5550(a)(2) (the "Nasdaq Capital Market Minimum Bid Price Requirement"). The Notification Letter confirmed that the Company evidenced a closingbid price at or greater than the $1.00 per ordinary share minimum requirement for the last 10 consecutive business days from October 16, 2023 to October 27, 2023 and that the Company has regained compliance with the Nasdaq Capital Market Minimum Bid Price Requirement. Tillkännagivande • Oct 13
Soluna Holdings Provides Nasdaq Compliance Update Soluna Holdings, Inc. announced that it will execute a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-25. The reverse stock split was approved by the Board of Directors and by shareholders at the annual meeting of the stockholders on June 29, 2023. The reverse stock split will become effective at 5:00 p.m. Eastern Time, on October 13, 2023. The reverse stock split is part of the Company’s plan to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on NASDAQ. Tillkännagivande • Jul 26
Soluna Holdings, Inc. Approves 2 EH/s Milestone in Bitcoin Mining Operations Soluna Holdings, Inc. announced it has made significant progress on its commercialization plan for Project Dorothy and Project Sophie, deploying more than 30 MW of equipment at Project Dorothy and bringing Project Sophie fully operational. Based on this progress, the Company is on track to achieve a significant company milestone of 2 EH/s under management. These operational milestones and improvements have resulted in a stronger cash position for the Company year over year. Project Sophie (Hosting): On April 6, 2023Soluna announced a 25 MW hosting contract with a sustainability focused hosting customer. Since then, Soluna has deployed miners to the entire site and has been running at full capacity. In June, the site achieved one of the highest utilization in its operating history. The site holds great revenue potential, estimated at $3.21 million on an annualized basis. Project Dorothy 1A (Hosting): On May 10, 2023Soluna announced it had signed a contract to fill its 25 MW capacity at Project Dorothy 1A with two strategic hosting partners, including Compass Mining. Soluna completed deployment of Project Dorothy 1A's hosting customers with 100% of the site deployed. The revenue potential for this site, operating at 25 MW, is projected to reach $16.47 million on an annualized basis". Project Dorothy 1B (Prop-Mining): In May, the Company announced its $14 millionProp-Mining Joint Venture with Navitas Global. The Company completed its tender of equipment purchase, with more than 8,250 machines purchased for a total of 860 PH/s of hashrate with an average efficiency of 29.9 J/TH, and at a cost of $11.25 $/TH inclusive of all fees, import, and taxes. Machines continue to ramp with 3,600 deployed to-date. The remaining are expected to be complete by the end of August. The revenue potential for this sites, operating at 25 MW, are projected to reach $17.78 million. Additional Company Updates: Project Kati continues the development process, completing the first of the three required ERCOT interconnection studies in the planning phase. It has also advanced legal agreements with its power partner. The Company is on track to end the quarter with a strong cash balance as will be presented in its 10-Q in August. Tillkännagivande • Jun 27
Soluna Secures Nasdaq's Approval for 180-Day Extension to Meet Bid Price Requirement Soluna Holdings, Inc. announced that the Company received written notification from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”), granting the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum per share bid price requirement. By letter dated December 21, 2022, NASDAQ notified Soluna Holdings, Inc. that it was not in compliance with the $1 minimum per share bid requirement and pursuant to NASDAQ rules was given 180 calendar days, or until June 19, 2023, to meet this requirement. Although the Company was unable to meet the minimum per share bid requirement within the initial 180-day cure period, NASDAQ’s listing compliance staff informed the Company by letter dated June 20, 2023, that it was eligible for an additional 180-day calendar period, or until December 18, 2023 to comply with the requirement. The Company intends to take all reasonable measures available to regain compliance under the Nasdaq Listing Rules and remain listed on Nasdaq. Tillkännagivande • May 31
Soluna Holdings, Inc., Annual General Meeting, Jun 29, 2023 Soluna Holdings, Inc., Annual General Meeting, Jun 29, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect three directors to serve for a three-year term ending at the Company’s annual meeting of stockholders to be held in 2026 and until each such director’s successor is duly elected and qualified; to ratify the appointment of UHY LLP as the Company’s registered independent public accounting firm for fiscal year 2023; to approve a non-binding advisory proposal to approve the compensation paid to the Company’s named executive officers; and to consider other matters. Tillkännagivande • May 17
Soluna Holdings, Inc. Reports Consolidated Impairment Charges for the Three Months Ended March 31, 2023 Soluna Holdings, Inc. reported consolidated impairment charges for the three months ended March 31, 2023. For the quarter, the company reported Impairment on fixed assets of $209,000. Tillkännagivande • May 16
Soluna Holdings, Inc. announced that it has received $14 million in funding Soluna Holdings, Inc. announced a private placement for the gross proceeds of $14 million on May 15, 2023. The transaction included participation from new investor Navitas Global. Tillkännagivande • May 10
Soluna Holdings, Inc. Announces Executive Changes Effective as of May 1, 2023, Michael Toporek resigned as Chief Executive Officer of Soluna Holdings, Inc. in connection with the appointment of John Belizaire as Chief Executive Officer as part of the Company’s previously announced succession plan. The company has appointed John Belizaire, the Chief Executive Officer of the company’s Soluna Computing, Inc. subsidiary (“SCI’) and a current director of the Company, to serve as the Chief Executive Officer of the Company, effective as of May 1, 2023. Mr. Belizaire served as the Chief Executive Officer of Soluna Callisto from June 2018 until the Company’s acquisition of Soluna Callisto in October 2021. He also serves as an Operating Advisor of Pilot Growth Equity, a technology growth equity firm, since October 2020. In addition, Mr. Belizaire serves on the Board of Directors of Center for American Entrepreneurship, since May 2020, and the Board of Directors at BanQu Inc, since June 2018. Mr. Belizaire served as the Managing Partner of NextStage LLC, a venture capital firm, from 2002 to 2016. Since June 2006, Mr. Belizaire was the Co-Founder and Chief Executive Officer of FirstBest Systems, which was acquired by Guidewire Software in September 2016, where he served as a Senior Industry Advisor until May 2017. Since January 1997, Mr. Belizaire was the Co-Founder, President and Chief Executive Officer of TheoryCenter, Inc., which was acquired by BEA Systems, Inc. in November 1999, where he served as a Senior Director, Business Development and Strategic Planning until April 2002. Mr. Belizaire has a B.S. in Computer Science and a Master of Engineering in Computer Science from Cornell University. Mr. Belizaire also attended the Executive Development Program at The Wharton School from 2001 to 2002. Tillkännagivande • Jan 11
Soluna Holdings, Inc. Approves Jessica Thomas as Chief Accounting Officer Soluna Holdings, Inc. announced that on January 4, 2023, the Compensation Committee of the Board of Directors of the Company approved the recommendation to the Board of Directors, who in turn approved the certification of Jessica Thomas as Chief Accounting Officer of the Company. Ms. Thomas was formerly the Company’s Chief Financial Officer, and effective after her resignation on August 16, 2022, was retained in a consulting role as Acting Chief Accounting Officer of the Company, and has been officially certified to the role of Chief Accounting Officer effective the Board’s approval on January 4, 2023. In her role of Chief Accounting Officer of the Company, Ms. Thomas shall be empowered to oversee the Company’s ledger and financial accounts, cost controls, and other financial reporting and auditing functions. The Chief Accounting Officer shall report to the Chief Financial Officer in reporting on financial operations and analyzing the impact that important business decisions will have on the Company’s finances. Tillkännagivande • Dec 28
Soluna Holdings Receives a Letter from Nasdaq Regarding Minimum Closing Bid Price On December 21, 2022, Soluna Holdings, Inc. received a letter ("the Nasdaq Notice") from the Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq") indicating that, based upon the closing bid price of the Company's common stock (the Common Stock") for the last 30 consecutive business days, the Common Stock no longer meets the requirement to maintain a minimum closing bid price of $1.00 per share, as set in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company's Common Stock on the Nasdaq Capital Market. In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until June 21, 2023, to regain compliance with the minimum closing bid price requirement for continued listing. In order to regain compliance, the minimum closing bid price per share of the Company's Common Stock must be at least $1.00 for a minimum of ten consecutive business days. Tillkännagivande • Dec 22
Soluna Receives Green Light from Regulator for Texas Data Center Soluna Holdings, Inc. announced Project Dorothy, its 50 MW green data center project in Texas, has successfully exited the planning phase of the ERCOT Large Flexible Load approval process. The project has now moved into the modeling phase, clearing all major technical studies. This key regulatory milestone paves the way for a Production Load Forecast Date of approximately February 8, 2023, which is the earliest date Soluna understands ERCOT would permit the energization of the facility. Project Dorothy is named after Dorothy Vaughan, an African American mathematician and “human computer” who worked for the National Advisory Committee for Aeronautics and NASA in 1939. Learn more about the logistics of this facility here. The future energization of Soluna’s Texas data center, Project Dorothy, comes at a pivotal moment for the renewable energy industry. The recent passage of sustained incentives for clean energy through the Inflation Reduction Act (IRA) leaves the sector poised for unprecedented growth. Tillkännagivande • Nov 16
Soluna Holdings, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2022 Soluna Holdings, Inc. reported impairment charges for the third quarter ended September 30, 2022. The company reported impairment on fixed assets of $28.086 million for the third quarter ended September 30, 2022. Tillkännagivande • Oct 25
Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $2 million. Soluna Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $2 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,388,889
Price\Range: $1.44 Tillkännagivande • Aug 04
Soluna Holdings, Inc. Announces Chief Financial Officer Changes, Effective August 16, 2022 Soluna Holdings, Inc. has announced the appointment of Phil Patman Jr. as Chief Financial Officer. As CFO, Patman will spearhead finance and accounting with a specific focus on capital markets and acquisitions for Soluna and its growing pipeline of green data centers co-located with renewable power plants. Patman brings more than 25 years of experience in finance operations and capital formation for companies engaged in global energy markets. Most recently, Patman served as Vice President and Head of Renewable Fuels M&A and Strategy at Ameresco. Patman has held multiple leadership roles in energy investment and financing, including with Ameresco, Inc., Huron Consulting Group, Inc., VAALCO Energy, Inc., Thailand's PTT Exploration and Production Public Company, Limited, AES Corporation, Franklin Templeton Investments, Globeleq Limited, Marathon Oil Corporation and Enron Corp. He holds a law degree from the University of Houston Law Center and he earned a bachelor’s degree from the University of Texas at Austin through its Plan II Honors Program. Patman begins on August 16, 2022 and will report to Michael Toporek, CEO of Soluna Holdings, replacing Jessica Thomas as Chief Financial Officer. Thomas will remain an employee of the company during the transition period. Tillkännagivande • Jul 21
Soluna Holdings, Inc. announced that it has received $5 million in funding Soluna Holdings, Inc. entered into a securities purchase agreement with an accredited investor pursuant to which the company issued 62,500 Series B convertible preferred stock with a term of 3 years at a purchase price of $80 per share for gross proceeds of $5,000,000 on July 19, 2022. Post-closing of the transaction, 62,500 shares of preferred stock which are initially convertible into 1,155,268 shares of common stock at a price per share of $5.41, a 20% premium to the close of the company’s common stock on July 18, 2022, subject to adjustment as set forth in the certificate of designation governing the terms of the preferred stock, and common stock purchase warrants to purchase up to an aggregate of 1,000,000 shares of common stock at an initial exercise price of $10.00 per share of common stock. The preferred B includes a 10% dividend that may be paid in cash or stock annually or at conversion. In addition, at the closing the investor delivered a warrant to acquire 1,000,000 shares of common stock at an exercise price of $11.50 per share for cancellation. The warrants have an initial exercise price of $10.00 per share of common stock, subject to adjustment as set forth in the warrants. The holder is entitled to exercise the warrants at any time on or after the date that is 180 days following the issue date and on or prior to January 19, 2028. Tillkännagivande • Apr 14
Soluna Holdings, Inc., Annual General Meeting, May 27, 2022 Soluna Holdings, Inc., Annual General Meeting, May 27, 2022, at 10:00 US Eastern Standard Time. Agenda: To consider and discuss about electing two directors to serve for a three-year term ending at the Company’s annual meeting of stockholders to be held in 2025 and until each such director’s successor is duly elected and qualified; to ratify the appointment of UHY LLP as the Company’s registered independent public accounting firm for fiscal year 2022; to approve a second amendment and restatement of the Soluna Holdings, Inc. Amended and Restated 2021 Stock Incentive Plan; to approve a non-binding advisory proposal to approve the compensation paid to the Company’s named executive officers; and thereof. Tillkännagivande • Apr 12
Vitrek Corporation completed the acquisition of MTI Instruments, Inc. from Soluna Holdings, Inc. (NasdaqCM:SLNH) for $10.8 million. Vitrek Corporation entered into a non-binding letter of intent to acquire MTI Instruments, Inc. from Soluna Holdings, Inc. (NasdaqCM:SLNH) on December 17, 2021. The letter of intent is non-binding except for terms relating to the Buyer’s access to MTI Instruments’ due diligence documentation, solicitation by Soluna Holdings or MTI Instruments of other offers to buy MTI Instruments, expenses, non-disclosure and the Buyer’s assignment rights. The terms of the sale are subject to a number of contingencies, including the completion of customary due diligence and the negotiation and execution of definitive agreements.
Vitrek Corporation completed the acquisition of MTI Instruments, Inc. from Soluna Holdings, Inc. (NasdaqCM:SLNH) for $10.8 million on April 11, 2022. Tillkännagivande • Dec 01
Soluna Holdings, Inc. Launches Curtailment Assessment Service for Clean Power Producers Soluna Holdings, Inc. announced that it is now offering a custom estimating service for clean energy power plant owners and developers looking to reduce costly curtailment problems. The custom Curtailment Assessment is an NDA-protected review of proprietary, project-level data to estimate both lost and recoverable revenue with the addition of flexible offtake of curtailed power by Soluna’s modular data centers (MDC). Curtailment occurs when clean electricity providers, such as solar and wind farms, cannot sell all their power to a congested or over-supplied grid or must sell it at a loss. Curtailment costs power plant owners up to $2 million per year due to a failure to deliver on contracted power purchase agreements (PPAs), the loss of Production Tax Credits (PTC), and Renewable Energy Certificates (RECs). Soluna’s Curtailment Assessment is a groundbreaking, proprietary service that analyzes a producer's historical data to determine how much additional revenue owners can see by incorporating flexible energy demand on-site from the company’s modular data centers. Power partners who are interested in receiving a custom assessment can submit data to Soluna for analysis under NDA. Once received, Soluna’s team analyzes the data, develops the custom Curtailment Assessment and a plan to solve the profit bleed. This plan will include a detailed look at the project’s total output, curtailed energy, seasonality and the financial impact of curtailment. Soluna’s Curtailment Assessment develops options for boosting revenue, including various sized modular data centers that range from 50 MW to 150MW. The data centers are developed behind the meter to add flexible demand that converts curtailed energy into additional revenue. Soluna can develop and build a modular data center within six months. Having batchable computing capability such as cryptocurrency mining on-site can increase the revenue of a renewable energy project up to 20% to 30%. These on-site scalable data centers consume every excess megawatt that the solar panels or wind turbines aren’t able to sell.