Soluna Regains Compliance with Nasdaq Minimum Bid Price Requirement
31 Oktober 2023 - 1:32PM
Business Wire
Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH),
the parent company of Soluna Computing, Inc. (“SCI”), a developer
of green data centers for Bitcoin mining and other intensive
computing applications, announced today that on October 30, 2023,
it received a notification letter (the "Notification Letter") from
the Listing Qualifications Department of The Nasdaq Stock Market
LLC ("Nasdaq") notifying the Company that it had regained
compliance with the minimum bid price requirement set forth in the
Nasdaq Listing Rule 5550(a)(2) (the "Nasdaq Capital Market Minimum
Bid Price Requirement").
The Notification Letter confirmed that the Company evidenced a
closing bid price at or greater than the $1.00 per ordinary share
minimum requirement for the last 10 consecutive business days from
October 16, 2023 to October 27, 2023 and that the Company has
regained compliance with the Nasdaq Capital Market Minimum Bid
Price Requirement.
Safe Harbor Statement
This 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’s 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.
About Soluna Holdings, Inc (SLNH)
Soluna 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’s data centers enable clean electricity asset
owners to ‘Sell. Every. Megawatt.’
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Sam Sova Founder and CEO SOVA Sam@teamsova.biz
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