Soluna Holdings, Inc. Announces Monthly Dividend for Series A Preferred Stock
June 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 June 30,
2022. The dividend will be payable on or about June 30, 2022, to
holders of the Series A Preferred Stock of record as of the close
of business on June 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
Stockconstitute 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 christopher@soluna.io
Investor Relations:
Kirin Smith, President PCG Advisory,
Inc.646.823.8656Ksmith@pcgadvisory.com
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