Soluna Holdings, Inc 8-K

What Happened
Soluna Holdings, Inc. announced that the 62,500 previously issued and outstanding shares of its Series B Convertible Preferred Stock were converted in full into 6,510,416 shares of common stock in 2026. Accrued dividends of $2.1 million were paid upon conversion. On June 23, 2026, the company filed a Withdrawal of Designation with the Nevada Secretary of State terminating the Series B designation; at filing no Series B shares were outstanding and the withdrawal was effective upon filing.

Key Details

• Originally 187,500 shares had been designated as Series B Convertible Preferred Stock; 62,500 shares had been issued and outstanding and were converted.
• Conversion resulted in issuance of 6,510,416 common shares to former preferred holders.
• $2.1 million of accrued dividends were paid in connection with the full conversion.
• Withdrawal of the Series B designation was filed with the Nevada Secretary of State on June 23, 2026 and removed the Series B terms from the Articles of Incorporation.

Why It Matters
This filing changes Soluna’s capital structure by eliminating the Series B preferred class and increasing common shares outstanding by 6,510,416 — a concrete dilution effect for existing common shareholders. The $2.1M payout is a cash outflow tied to the conversion. Investors should note the simplified capital structure (no Series B outstanding) and adjust share‑count and ownership estimates accordingly when assessing per‑share metrics.