Soluna Holdings Files 8-K: Material Agreement, Exhibits
Ticker: SLNHP · Form: 8-K · Filed: Mar 1, 2024 · CIK: 64463
| Field | Detail |
|---|---|
| Company | Soluna Holdings, Inc (SLNHP) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $16,304,348, $10, $8, $6 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing-exhibits, regulation-fd
Related Tickers: SLNH
TL;DR
SOLUNA HOLDINGS (SLNH) FILED AN 8-K ON 2/28/24 FOR A MATERIAL AGREEMENT. CHECK EXHIBITS.
AI Summary
Soluna Holdings, Inc. entered into a material definitive agreement on February 28, 2024. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company, formerly known as Mechanical Technology Inc., is incorporated in Nevada and is in the Finance Services sector.
Why It Matters
This 8-K filing indicates a significant new agreement for Soluna Holdings, which could impact its financial performance and strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the details within the filing are crucial for assessing their impact.
Key Numbers
- 001-40261 — Commission File Number (Identifies the company's filing history)
- 14-1462255 — IRS Employer Identification Number (Company's tax identification number)
Key Players & Entities
- Soluna Holdings, Inc. (company) — Registrant
- Mechanical Technology Inc. (company) — Former company name
- February 28, 2024 (date) — Date of earliest event reported
- 001-40261 (other) — Commission File Number
- 14-1462255 (other) — IRS Employer Identification Number
FAQ
What is the nature of the material definitive agreement entered into by Soluna Holdings, Inc. on February 28, 2024?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item of disclosure, but the specific details of the agreement are not provided in this summary section of the 8-K.
What does the 'Regulation FD Disclosure' item signify in this filing?
This indicates that the company is making public disclosures that could be considered material non-public information, ensuring fair disclosure to all investors.
Why is the company listed as 'Soluna Holdings, Inc.' when its former name was 'Mechanical Technology Inc.'?
The company changed its name from Mechanical Technology Inc. to Soluna Holdings, Inc. on July 3, 1992.
What is the primary business sector for Soluna Holdings, Inc. according to the filing?
Soluna Holdings, Inc. is classified under 'FINANCE SERVICES [6199]'.
What is the significance of the 'FILING VALUES' section in this 8-K?
This section provides key identifiers for the filing, including the form type (8-K), the SEC Act (1934 Act), the SEC File Number (001-40261), and the Film Number (24709412).
Filing Stats: 1,075 words · 4 min read · ~4 pages · Grade level 11.3 · Accepted 2024-03-01 16:00:43
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share SLNH The Nasdaq Stock Mar
- $16,304,348 — original aggregate principal amount of $16,304,348 (collectively, the "Notes"), and Class
- $10 — ATM Floor Price. ATM Floor Price means $10 per share initially, which is reduced t
- $8 — er share initially, which is reduced to $8 per share six months after the ATM is e
- $6 — x months after the ATM is effective and $6 per share 12 months after the after the
- $3.78 — ce the conversion price of the Notes to $3.78 per share; The Purchasers will receiv
- $0.01 — ,000 three year warrants exercisable at $0.01 per share; An aggregate of 320,005 wa
- $6.00 — will have the exercise price reduced to $6.00 per share (the "Repriced Warrants"). Fo
- $0 — year warrants with an exercise price of $0.01, 1.6 new five year warrants with an
- $4 — year warrants with an exercise price of $4.20, and 1.6 new five year warrants with
- $5.70 — year warrants with an exercise price of $5.70. Pursuant to additional agreements wi
- $5 million — ggregate principal amount thereof below $5 million. The foregoing summary of the new Tra
Filing Documents
- form8-k.htm (8-K) — 58KB
- ex10-1.htm (EX-10.1) — 78KB
- ex99-1.htm (EX-99.1) — 20KB
- 0001493152-24-008481.txt ( ) — 386KB
- slnh-20240228.xsd (EX-101.SCH) — 4KB
- slnh-20240228_def.xml (EX-101.DEF) — 26KB
- slnh-20240228_lab.xml (EX-101.LAB) — 36KB
- slnh-20240228_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SOLUNA HOLDINGS, INC. Date: March 1, 2024 By: /s/ David Michaels David Michaels Chief Financial Officer