Soluna Holdings, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Soluna Holdings, Inc. will hold its 2024 Annual Meeting virtually on May 30, 2024, to elect four directors.</b>

AI Summary

Soluna Holdings, Inc (SLNHP) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. The 2024 Annual Meeting of Stockholders for Soluna Holdings, Inc. will be held virtually on May 30, 2024, at 10:00 a.m. Stockholders can participate, vote, and submit questions via webcast at www.virtualshareholdermeeting.com/SLNH2024 using their control number. The meeting agenda includes the election of four directors for a three-year term. Soluna Holdings, Inc. was formerly known as Mechanical Technology, Incorporated. The company is incorporated in Nevada and its fiscal year ends on December 31.

Why It Matters

For investors and stakeholders tracking Soluna Holdings, Inc, this filing contains several important signals. This filing is a definitive proxy statement, indicating it's for the official shareholder meeting and not preliminary. The virtual format allows for broader participation but requires specific login credentials for shareholders.

Risk Assessment

Risk Level: low — Soluna Holdings, Inc shows low risk based on this filing. The filing is a standard proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Stockholders should review the proxy materials to understand the director nominees and voting procedures before the May 30, 2024 meeting.

Key Numbers

• 4 — Directors to be elected (To serve for a three-year term)
• 3 — Director term length (Ending at the 2027 annual meeting)
• 10:00 a.m. — Meeting time (Scheduled start time for the virtual meeting)
• 2024-05-30 — Meeting date (Date of the Annual Meeting)

Key Players & Entities

• Soluna Holdings, Inc. (company) — Registrant name
• Mechanical Technology, Incorporated (company) — Former company name
• May 30, 2024 (date) — Date of Annual Meeting
• 2024 (date) — Year of Annual Meeting
• 325 WASHINGTON AVENUE EXTENSION (address) — Company business address
• ALBANY (location) — Company business city
• NY (location) — Company business state
• 12205 (postal_code) — Company business zip

FAQ

Industry Context

Soluna Holdings, Inc. operates in the finance services sector, specifically focusing on cryptocurrency assets.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the list of director nominees and their qualifications.
2. Understand the virtual meeting procedures and how to vote.
3. Note the date and time of the meeting to ensure participation.

Key Dates

• 2024-05-30: 2024 Annual Meeting of Stockholders — Election of directors and other corporate matters to be voted on.

Year-Over-Year Comparison

This is a definitive proxy statement for the 2024 Annual Meeting, filed on April 29, 2024.

Key Financial Figures

• $2.5 billion — joined Longacre Fund Management, LLC, a $2.5 billion distressed debt fund. Mr. Hirshfield co

Filing Documents

• formdef14a.htm (DEF 14A) — 545KB
• formdef14a_001.jpg (GRAPHIC) — 12KB
• proxy_001.jpg (GRAPHIC) — 629KB
• proxy_002.jpg (GRAPHIC) — 461KB
• 0001493152-24-017019.txt (&nbsp;) — 2064KB

From the Filing

DEF 14A 1 formdef14a.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under &sect;240. 14a-12 SOLUNA HOLDINGS, INC. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11 (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(B) per Exchange Act Rules 14(a)-6(i)(1) and 0-11 SOLUNA HOLDINGS, INC. 325 WASHINGTON AVENUE EXTENSION ALBANY, NEW YORK 12205 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To the Stockholders of Soluna Holdings, Inc.: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Stockholders (the &ldquo;Annual Meeting&rdquo;) of Soluna Holdings, Inc., a Nevada corporation formerly known as Mechanical Technology, Incorporated (the &ldquo;Company&rdquo;), will be held on Thursday May 30, 2024, at 10:00 a.m. The Annual Meeting will be held completely virtually. You will be able to participate in the Annual Meeting as well as vote and submit your questions and examine our stockholder list during the live webcast of the Annual Meeting by visiting www.virtualshareholdermeeting.com/SLNH2024 and entering the 16-digit control number included on your proxy card (the &ldquo;Proxy Card&rdquo;). At the Annual Meeting, stockholders will be asked to consider and act upon the following matters: 1. To elect four directors to serve for a three-year term ending at the Company&rsquo;s annual meeting of stockholders to be held in 2027 and until each such director&rsquo;s successor is duly elected and qualified; 2. To approve (a) adjustments to the conversion price of outstanding convertible promissory notes, (b) adjustments to the exercise price of outstanding warrants to purchase our Common Stock held by the holders of outstanding convertible promissory notes, (c) the issuance of shares of our Common Stock upon the conversion of such convertible promissory notes, and (d) the issuance of shares of our 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; 3. To approve an amendment to the Soluna Holdings, Inc. Amended and Restated 2021 Stock Incentive Plan; 4. To approve an amendment the Soluna Holdings, Inc. Amended and Restated 2023 Stock Incentive Plan; 5. To ratify the appointment of UHY LLP as the Company&rsquo;s registered independent public accounting firm for fiscal year 2024; and 6. To transact such other business as may properly come before the meeting. The Board of Directors has fixed the close of business on April 19, 2024 as the record date for determining stockholders entitled to notice of, and entitled to vote at, the Annual Meeting and any adjournments or postponements thereof. Only holders of record of the Company&rsquo;s common stock at the close of business on that date will be entitled to notice of, and to vote at, the Annual Meeting and any adjournments or postponements thereof. The Board of Directors recommends that you vote in favor of the proposal for the election of the nominees as directors of the Company, the adjustments to the conversion and exercise prices of certain convertible notes and warrants, as required by Nasdaq listing rules, for the amendments to the Company&rsquo;s stock incentive plans and the ratification of UHY LLP as our independent registered public accounting firm, the reverse stock split proposal and the non-binding advisory proposa

View Full Filing

View this DEF 14A filing on SEC EDGAR