Soluna Holdings, Inc. Announces Monthly Dividend for Series A Preferred Stock
September 09 2022 - 4:01PM
via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”),
(NASDAQ: SLNH), formerly Mechanical Technology, Inc., the parent
company of Soluna Computing, Inc. (“SCI”), a developer of green
data centers for cryptocurrency mining and other intensive
computing, today announced that its Board of Directors has declared
the regular monthly cash dividend on its shares of 9.0% Series A
Cumulative Perpetual Preferred Stock, par value $0.001 per share
(the “Series A Preferred Stock”) for the month ended September 30,
2022. The dividend will be payable on or about September 30, 2022,
to holders of the Series A Preferred Stock of record as of the
close of business on September 19, 2022 at a rate of $0.1875 per
share. Future dividends on the Series A Preferred Stock will be
payable when, as and if declared by the Board of Directors monthly
in arrears on the final day of each month or the next business day
at an annual rate of 9.0% of the $25.00 liquidation preference per
share.
The Series A Preferred Stock trade on the Nasdaq Stock Market
LLC under the symbol “SLNHP”.
About Soluna Holdings, Inc.Soluna Holdings, Inc. (Nasdaq:
SLNH) is the leading developer of green data centers that convert
excess renewable energy into global computing resources. Soluna
builds modular, scalable data centers for computing intensive,
batchable applications such as cryptocurrency mining, AI and
machine learning. Soluna provides a cost-effective alternative to
battery storage or transmission lines. Soluna uses technology
and intentional design to solve complex, real-world challenges. Up
to 30% of the power of renewable energy projects can go to waste.
Soluna’s data centers enable clean electricity asset owners to
‘Sell. Every. Megawatt.’
For more information about Soluna, please
visit www.solunacomputing.com or follow us on
LinkedIn at linkedin.com/solunaholdings and
Twitter @SolunaHoldings.
Forward Looking StatementsThe statements in
this press release with respect to the payment of dividends on the
Series A Preferred Stock constitute forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements reflect management’s current expectations, as of the
date of this press release, and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from future results expressed or implied by such forward-looking
statements. Actual results could differ materially from those
expressed or implied by such forward-looking statements as a result
of various factors, including, but not limited to: (1) those risk
factors set forth in the Company’s Registration Statement on Form
S-1 (File No. 333-257300), as amended; and (2) other risks and
uncertainties that may be detailed from time to time in SHI’s
reports filed with the SEC. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date made. Except as required by law, the Company
assumes no obligation to update or revise any forward-looking
statements.
Contact Information:Chris Gandolfo Financial
Reporting ManagerSoluna Holdingschristopher@soluna.io+518 218
2565
MZ ContactBrian M. Prenoveau, CFAMZ Group – MZ North
AmericaSLNH@mzgroup.us+561 489 5315
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