Soluna Holdings announces 1-for-25 reverse stock split to meet Nasdaq minimum bid price

Soluna Holdings, Inc

Reverse split effective Oct 13, 2023; post-split trading begins Oct 16, 2023 under ticker SLNH.
Outstanding shares reduced from ~37.3M to ~1.5M; no change in authorized shares.
Split aims to regain compliance with Nasdaq $1.00 minimum closing price requirement.
No fractional shares; holders receive rounding up to next whole share.
Proportionate adjustments made to equity awards, warrants, and convertible securities.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Soluna Holdings, Inc: Amendment to certificate of incorporation to effect a reverse stock split at a ratio of 1-for-25 (effective 2023-10-13).

Change: charter amendment
Effective: 2023-10-13

Exact text from the filing

On October 11, 2023, the Company filed a Certificate of Change (the “Certificate of Change”) effecting a reverse stock split as of 5:00 p.m. Eastern Standard Time on October 13, 2023 with a ratio of 1-for-25 (the “Reverse Split”).

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Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-23-037517

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