{"id":751146,"date":"2023-04-25T18:34:18","date_gmt":"2023-04-25T22:34:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-holdings-inc-extends-maturity-of-convertible-notes\/"},"modified":"2023-04-25T18:34:18","modified_gmt":"2023-04-25T22:34:18","slug":"soluna-holdings-inc-extends-maturity-of-convertible-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-holdings-inc-extends-maturity-of-convertible-notes\/","title":{"rendered":"Soluna Holdings, Inc. Extends Maturity of Convertible Notes"},"content":{"rendered":"

<\/p>\n

Soluna Holdings, Inc. Extends Maturity of Convertible Notes<\/b><\/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 an agreement with the holders of its convertible notes to extend the maturity of the notes to May 25, 2023 while they negotiate the terms of a longer term extension.<\/p>\n

\nThe long term extension discussions are currently under way and the Company will make an announcement when a final agreement is reached.<\/p>\n

\nMichael Toporek, CEO of Soluna Holdings, commented, \u201cI would like to thank the convertible note holders for cooperatively working to extend the maturity of the loan to assure the continued success of the business.\u201d<\/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.<\/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<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230425006097\/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> Technology Professional Services Cryptocurrency Other Energy Alternative Energy Security Energy Green Technology Software Sustainability Networks Internet Environment Hardware Electronic Design Automation 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
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Soluna Holdings, Inc. Extends Maturity of Convertible Notes 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 an agreement with the holders of its convertible notes to extend the maturity of the notes to May 25, 2023 while they negotiate the terms of a longer term extension. The long term extension discussions are currently under way and the Company will make an announcement when a final agreement is reached. Michael Toporek, CEO of Soluna Holdings, commented, \u201cI would like to thank the convertible note holders for cooperatively working to extend the maturity of the loan … <\/p>\n

Continue reading “Soluna Holdings, Inc. Extends Maturity of Convertible Notes”<\/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-751146","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSoluna Holdings, Inc. Extends Maturity of Convertible Notes - 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-holdings-inc-extends-maturity-of-convertible-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soluna Holdings, Inc. 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