An update from Soluna Holdings, Inc. (SLNH) is now available.
In a strategic move to raise funds for its Dorothy 2 project, the Company incentivized holders of Amended Class C Warrants by lowering the exercise price from $6 to $4, conditional upon exercising a majority of their warrants by May 17, 2024. Participants gained additional new five-year warrants at varying exercise prices upon exercising their existing warrants. This resulted in the exercise of up to 301,618 warrants, generating potential proceeds of approximately $1.2 million.
For an in-depth examination of SLNH stock, go to TipRanks’ Stock Analysis page.
