Corporate ActionJun 25, 2026, 07:36 AM
Soluna Holdings Terminates Series B Preferred Stock Designation
AI Summary
Soluna Holdings, Inc. has terminated the designation of its Series B Convertible Preferred Stock after all 62,500 outstanding shares were converted into 6,510,416 shares of common stock. The company also paid $2.1 million in accrued dividends upon the full conversion of these shares. A Withdrawal of Designation was filed on June 23, 2026, with the Nevada Secretary of State, effectively removing the preferred stock designation from the company's Articles of Incorporation.
Key Highlights
- Soluna Holdings terminated the designation of its Series B Convertible Preferred Stock.
- All 62,500 outstanding shares of Preferred Stock were converted.
- The conversion resulted in 6,510,416 shares of common stock.
- Accrued dividends of $2.1 million were paid upon full conversion.
- A Withdrawal of Designation was filed on June 23, 2026, with Nevada Secretary of State.
- No shares of Preferred Stock were outstanding at the time of withdrawal.
Price Impact
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