Business: Soluna Holdings, Inc. formerly Mechanical Technology Inc 9.0% Series A Cumulative Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 08/23/2026 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 9.0% per annum ($2.25 per annum or $0.1875 per month) will be paid monthly on the last day of the month to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) after being held for one year and are also eligible for the dividends received deduction for corporate holders, dividends for holders of less than a year are taxed at normal rates (see page 105 of the prospectus for further information). <p> This security is possibly subject to an early call as a result of a Delisting Event or a Change of Control (see the prospectus for further information). <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.