{"id":740686,"date":"2023-03-16T08:15:33","date_gmt":"2023-03-16T12:15:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-back-in-good-standing-with-all-convertible-noteholders\/"},"modified":"2023-03-16T08:15:33","modified_gmt":"2023-03-16T12:15:33","slug":"soluna-back-in-good-standing-with-all-convertible-noteholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-back-in-good-standing-with-all-convertible-noteholders\/","title":{"rendered":"Soluna Back in Good Standing with all Convertible Noteholders"},"content":{"rendered":"

<\/p>\n

Soluna Back in Good Standing with all Convertible Noteholders<\/i><\/b><\/p>\n

Company Receives Waiver on December Defaults<\/i><\/p>\n

ALBANY, N.Y.–(BUSINESS WIRE<\/a>)–
\nSoluna Holdings, Inc. (\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (\u201cSCI\u201d), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that its Convertible Noteholders have waived defaults as part of the March 10, 2023 closing of the $7.5 million financing<\/a> for Project Dorothy.\n<\/p>\n

\nUnder this agreement the Convertible Noteholders have waived all outstanding defaults under the original notes issued on October 25, 2021 and amended on July 19, 2022 and September 12, 2022 dates.\n<\/p>\n

\nMichael Toporek, CEO of Soluna Holdings, commented, \u201cThis continues the history of the Convertible Noteholders cooperatively partnering with the Company to execute its growth plans.\u201d\n<\/p>\n

Safe Harbor Statement<\/b><\/p>\n

\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.\n<\/p>\n

About Soluna Holdings, Inc (SLNH)<\/b><\/p>\n

\nSoluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna\u2019s data centers enable clean electricity asset owners to \u2018Sell. Every. Megawatt.\u2019\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230316005453\/en\/<\/a><\/span><\/p>\n

\nMichael Toporek
\n
CEO
\n
Soluna Holdings, Inc.
\n
hello@soluna.io<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Environment Technology Other Energy Utilities Green Technology Networks Energy Internet Data Management Artificial Intelligence<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Soluna Back in Good Standing with all Convertible Noteholders Company Receives Waiver on December Defaults ALBANY, N.Y.–(BUSINESS WIRE)– Soluna Holdings, Inc. (\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (\u201cSCI\u201d), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that its Convertible Noteholders have waived defaults as part of the March 10, 2023 closing of the $7.5 million financing for Project Dorothy. Under this agreement the Convertible Noteholders have waived all outstanding defaults under the original notes issued on October 25, 2021 and amended on July 19, 2022 and September 12, 2022 dates. Michael Toporek, CEO of Soluna Holdings, commented, \u201cThis continues the history of the Convertible Noteholders cooperatively … <\/p>\n

Continue reading “Soluna Back in Good Standing with all Convertible Noteholders”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-740686","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSoluna Back in Good Standing with all Convertible Noteholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-back-in-good-standing-with-all-convertible-noteholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soluna Back in Good Standing with all Convertible Noteholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Soluna Back in Good Standing with all Convertible Noteholders Company Receives Waiver on December Defaults ALBANY, N.Y.–(BUSINESS WIRE)– Soluna Holdings, Inc. (\u201cSHI\u201d or the \u201cCompany\u201d), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (\u201cSCI\u201d), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that its Convertible Noteholders have waived defaults as part of the March 10, 2023 closing of the $7.5 million financing for Project Dorothy. Under this agreement the Convertible Noteholders have waived all outstanding defaults under the original notes issued on October 25, 2021 and amended on July 19, 2022 and September 12, 2022 dates. 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