Soluna holdings, inc. announces pricing of $7.8 million series a preferred stock offering

Albany, ny, dec. 23, 2021 (globe newswire) -- via  newmediawire -- soluna holdings, inc. (“shi” or the “company”), (nasdaq: slnh), the parent company of soluna computing, inc. ("sci"), a cryptocurrency mining business powered by renewable energy, and mti instruments, inc. ("mti instruments"), a test and measurement instruments and systems business, today announced the pricing of its underwritten public offering of 445,714 shares of its 9.0% series a cumulative perpetual preferred stock, par value $0.001 per share, with a $25.00 liquidation preference per share (the “series a preferred stock”), at a price to the public of $17.50 per share. the company expects to receive gross proceeds of $7.8 million, before deducting underwriting discounts and other estimated offering fees and expenses. the offering is expected to close on december 28, 2021, subject to customary closing conditions.
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