---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-21-000632"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T13:25:10.963547+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Soluna Holdings completes acquisition of Soluna Computing; adds 300 MW pipeline under LOI

## Summary
- Acquisition of SCI completed; SCI becomes wholly-owned subsidiary of EcoChain; merger consideration up to 2.97M shares valued at ~$34.8M.
- Company name changed from Mechanical Technology, Incorporated to Soluna Holdings, Inc. effective Nov 2, 2021.
- Added 300 MW pipeline under LOI, bringing EcoChain's total to 350 MW; over 200 MW more under active development.
- John Belizaire appointed President & CEO of EcoChain and elected to Board; John Bottomley also elected to Board.
- Shareholders approved merger; 150,000 shares and $725k cash to HEL under Termination Agreement.

## SEC filing metadata
- accession: 0001753926-21-000632
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 5.07, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000175392621000632/0001753926-21-000632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000175392621000632/g082430_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-21-000632
- JSON: https://secwatch.observer/filing/0001753926-21-000632.json
- Plain text: https://secwatch.observer/filing/0001753926-21-000632.txt

## Key facts
- Executive change
  John Bottomley was elected as Director at Soluna Holdings, Inc.
  - Action: elected
  - Role: Director
  source text: and John Bottomley, a director of HEL and a director of SCI until the effective time of the Merger, to the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000175392621000632/0001753926-21-000632-index.htm
- Executive change
  John Belizaire was elected as President and Chief Executive Officer at Soluna Holdings, Inc.
  - Action: elected
  - Role: President and Chief Executive Officer
  source text: the Company’s Board of Directors elected John Belizaire, who served as Chief Executive Officer and a director of SCI until the effective time of the Merger, a director of HEL, and now President and Chief Executive Officer of EcoChain pursuant to the employment agreement described below
  evidence_url: https://www.sec.gov/Archives/edgar/data/64463/000175392621000632/0001753926-21-000632-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.