Soluna Holdings, Inc 8-K, filed Nov 18, 2024
Soluna Holdings, Inc (SLNH)
About this 8-K
Soluna Holdings, Inc filed this 8-K on November 18, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 5.07: Shareholder vote results
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
As described in Item 5.07 below, at the special meeting of stockholders (the “Special Meeting”) of the Company held on November 15, 2024, the Company’s stockholders approved an amendment (the “Amendment”) to the Soluna Holdings, Inc. Fourth Amended and Restated 2021 Stock Incentive Plan (the “2021 Plan”) to change the calculation of shares authorized under the 2021 Plan. The 2021 Plan was adopted on February 12, 2021, and has been amended and restated on October 29, 2021, May 27, 2022, March 10, 2023, and May 30, 2024.
Detailed summaries of the Amendment to the 2021 Plan that was approved by the Company’s stockholders were included in the Company’s proxy statement for the Special Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on October 28, 2024 (the “Proxy Statement”) and is available at the SEC’s website at www.sec.gov. The terms and conditions of the 2021 Plan are described in detail in that proxy statement for the 2023 Annual Meeting of of Sockholders held on May 1, 2024, and as amended in the Proxy Statement. The foregoing description of the 2021 Plan is qualified in its entirety by the terms of the 2021 Plan, which is filed as an exhibit to the Annual Report for the year ended December 31, 2023 and the foregoing proxy statements.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
Proposal 1:Potential Reservation and Issuance of Common Stock
At the Special Meeting, the Company’s stockholders voted on the approval of the reservation and issuance of shares of the Company’s Common Stock pursuant to a Standby Equity Purchase Agreement, dated August 12, 2024, entered into between us and YA II PN, LTD. (the “SEPA”) and pursuant to an amendment to the Securities Purchase Agreement (the “Series B Amendment”), and the associated certificate of designation, with the holder of the Company’s outstanding Series B Convertible Preferred Stock, to the extent that issuances under the SEPA and the Series B Amendment may exceed 20% of the Company’s total outstanding shares, which could trigger the share issuance cap under Rule 5635(d) of the Nasdaq Stock Market Rules (the “Exchange Cap”). The Proposal received the following votes:
| For | Against | Abstain | Broker Non-Votes | |||
| 3,359,403 | 100,952 | 3,357 | 0 |
Proposal 2: Approval of Amendment to 2021 Plan
At the Special Meeting, the Company’s stockholders voted on the approval of an amendment to the Soluna Holdings, Inc. 2021 Fourth Amended and Restated Stock Incentive Plan, which would change the calculation of the number of shares of common stock available for awards under the Plan. The Proposal received the following votes:
| For | Against | Abstain | Broker Non-Votes | |||
| 2,906,359 | 552,672 | 4,681 | 0 |
The results reported above are final voting results.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SOLUNA HOLDINGS, INC. | ||
| Date: November 18, 2024 | By: | /s/ John Tunison |
| John Tunison | ||
| Chief Financial Officer | ||
| (principal financial officer) | ||