Soluna Holdings, Inc. Announces Monthly Dividend for Series A Preferred Stock
May 09 2022 - 4:00PM
via NewMediaWire –Soluna Holdings, Inc. (“SHI” or the “Company”),
(NASDAQ: SLNH), formerly Mechanical Technology, Inc., the parent
company of Soluna Computing, Inc. (“SCI”), a cryptocurrency mining
business powered by renewable energy, 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 May 31, 2022. The dividend
will be payable on or about May 31, 2022, to holders of the Series
A Preferred Stock of record as of the close of business on May 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 Statements
The 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:Lisa
Brennan lbrennan@mtiinstruments.com
Investor Relations:Kirin Smith, President PCG
Advisory, Inc.646.823.8656Ksmith@pcgadvisory.com
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