Soluna Holdings Preferred Stock to be Delisted from Nasdaq
Ticker: SLNHP · Form: 8-K · Filed: Aug 16, 2024 · CIK: 64463
| Field | Detail |
|---|---|
| Company | Soluna Holdings, Inc (SLNHP) |
| Form Type | 8-K |
| Filed Date | Aug 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: delisting, preferred-stock, exchange-notice
Related Tickers: SLNH
TL;DR
SLNHP is getting booted from Nasdaq, but SLNH stays. Big deal for preferred holders.
AI Summary
Soluna Holdings, Inc. announced on August 16, 2024, that its 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) will be delisted from The Nasdaq Stock Market LLC. The company's common stock (SLNH) will continue to trade on Nasdaq.
Why It Matters
The delisting of the preferred stock from Nasdaq could impact its liquidity and trading accessibility for investors holding SLNHP.
Risk Assessment
Risk Level: medium — The delisting of a security from a major exchange can signal financial distress or strategic changes that may negatively impact its value and liquidity.
Key Numbers
- 9.0% — Preferred Dividend Rate (Interest rate on the Series A Cumulative Perpetual Preferred Stock)
Key Players & Entities
- Soluna Holdings, Inc. (company) — Registrant
- Nasdaq Stock Market LLC (company) — Exchange
- August 16, 2024 (date) — Report Date
- August 15, 2024 (date) — Earliest Event Reported
- SLNHP (stock_symbol) — Preferred Stock
- SLNH (stock_symbol) — Common Stock
- 9.0% Series A Cumulative Perpetual Preferred Stock (security) — Preferred Stock Description
FAQ
What is the primary reason for the delisting of Soluna Holdings' Series A Preferred Stock from Nasdaq?
The filing does not explicitly state the reason for the delisting, only that the 9.0% Series A Cumulative Perpetual Preferred Stock will be delisted.
Will Soluna Holdings' common stock also be delisted from Nasdaq?
No, the filing explicitly states that the common stock (SLNH) will continue to trade on The Nasdaq Stock Market LLC.
On what date was this report filed?
The report was filed on August 16, 2024.
What is the trading symbol for Soluna Holdings' common stock?
The trading symbol for Soluna Holdings' common stock is SLNH.
What is the trading symbol for Soluna Holdings' Series A Cumulative Perpetual Preferred Stock?
The trading symbol for Soluna Holdings' 9.0% Series A Cumulative Perpetual Preferred Stock is SLNHP.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-08-16 14:27:06
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share SLNH The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 44KB
- ex99-1.htm (EX-99.1) — 42KB
- ex99-2.htm (EX-99.2) — 30KB
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- 0001493152-24-032792.txt ( ) — 30879KB
- slnh-20240816.xsd (EX-101.SCH) — 4KB
- slnh-20240816_def.xml (EX-101.DEF) — 26KB
- slnh-20240816_lab.xml (EX-101.LAB) — 36KB
- slnh-20240816_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: August 16, 2024 By: /s/ John Tunison John Tunison Chief Financial Officer