Form 8-K - Current report
10 Octubre 2023 - 3:15PM
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported) October 10, 2023
SOLUNA
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-40261 |
|
14-1462255 |
(State
or other jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
Number) |
325
Washington Avenue Extension
Albany,
New York |
|
12205 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(516)
216-9257
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
SLNH |
|
The
Nasdaq Stock Market LLC |
|
|
|
|
|
9.0%
Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share |
|
SLNHP |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
As
previously announced, on October 29, 2021, Soluna Holdings, Inc., formerly known as Mechanical Technology, Incorporated (the “Company”),
completed the Soluna Callisto acquisition, pursuant to an Agreement and Plan of Merger dated as of August 11, 2021 (the “Merger
Agreement”), by and among the Company, Soluna Callisto Holdings, Inc. and SCI Merger Sub, Inc. As a result of the merger, the holders
of Soluna Callisto’s common stock immediately prior to the effective time of the merger have the right to receive a proportionate
share of up to 2,970,000 shares (the “Merger Shares”) of the Company’s common stock payable upon the achievement
of certain milestones within five years after the effective date in the merger, as set forth in the merger agreement and the schedules
thereto.
Due
to conditions being met within the Merger Agreement in relation to energization and retention of employees, the Company has advised SCI
US Holdings LLC, a Delaware limited liability company, who is the sole Effective Time Holder (as defined in the Merger Agreement) of
the right to receive the Merger Shares and that 990,000 Merger Shares were issued on October 10, 2023. SCI US Holdings LLC has consented
to the issuance of such Merger Shares as required under the Merger Agreement and has directed the Company to issue such Merger Shares
to its affiliate, Harmattan Energy, Ltd. Following the issuance of the 990,000 Merger Shares, a total of 1,485,000 Merger Shares remain
available for possible issuance pursuant to the terms of the Merger Agreement.
Item
9.01 Financial Statements and Exhibits.
(d) |
Exhibits |
|
|
|
|
104 |
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
October 10, 2023 |
SOLUNA
HOLDINGS, INC. |
|
|
|
|
By: |
/s/
David Michaels |
|
Name: |
David
Michaels |
|
Title: |
Chief
Financial Officer |
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Document Period End Date |
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|
Entity File Number |
001-40261
|
Entity Registrant Name |
SOLUNA
HOLDINGS, INC.
|
Entity Central Index Key |
0000064463
|
Entity Tax Identification Number |
14-1462255
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
325
Washington Avenue Extension
|
Entity Address, City or Town |
Albany
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
12205
|
City Area Code |
(516)
|
Local Phone Number |
216-9257
|
Written Communications |
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|
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|
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|
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|
Entity Emerging Growth Company |
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|
Common Stock, par value $0.001 per share |
|
Title of 12(b) Security |
Common
Stock, par value $0.001 per share
|
Trading Symbol |
SLNH
|
Security Exchange Name |
NASDAQ
|
9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share |
|
Title of 12(b) Security |
9.0%
Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share
|
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SLNHP
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Security Exchange Name |
NASDAQ
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