Soluna offers 9% series A preferred stock on firm-commitment basis

Chicago, Dec. 20 – Soluna Holdings, Inc. is offering on a firm-commitment basis shares of its 9% series A cumulative preferred stock, according to a 424B5 filing with the Securities and Exchange Commission.

The liquidation preference is $25.00 per share.

The offer constitutes a reopening of the company’s perpetual preferred stock, which closed on Aug. 23.

Currently, there are 806,585 shares outstanding.

The additional shares will form a single series and be fully fungible with the original issue.

Dividends are payable monthly.

Call protection extends to Aug. 23, 2026. After that date, the shares may be redeemed at the option of the company at par plus all unpaid dividends in whole or in part, from time to time.

There will be a 45-day greenshoe.

The preferred stock is currently listed on Nasdaq as “SLNHP.”

The last reported sales price was $22.4999 per share.

Univest Securities is the bookrunner.

Soluna conducts business through its two wholly owned subsidiaries, SCI and MTI Instruments. SCI mines cryptocurrency through data centers and can be powered by renewable energy sources. MTI designs, manufactures and sells vibration measurement and system balancing solutions, precision linear displacement sensors, instruments and system solutions, and wafer inspection tools. Soluna is based in Albany, N.Y.

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