On October 16, 2026, Soluna Holdings, Inc. held its Annual Meeting of Stockholders, where shareholders approved several key proposals, including an amendment to the company's Articles of Incorporation to increase authorized shares.
The stockholders approved an amendment to increase the number of authorized shares of common stock, par value $0.001 per share, from 375,000,000 shares to 1,000,000,000 shares. The Certificate of Amendment was filed with the Secretary of State of Nevada on October 16, 2026, and became effective immediately.
Shareholders also elected three directors to serve three-year terms until the Company's 2029 Annual Meeting of Stockholders. The results for the director elections were as follows:
- William Hazelip (Independent): Received 86,060,721 votes for, 9,310,875 withheld, with 62,813,005 broker non-votes.
- Michael Toporek (Non-Independent): Received 91,940,521 votes for, 3,431,075 withheld, with 62,813,005 broker non-votes.
- Daniel Golding (Non-Independent): Received 94,735,702 votes for, 635,894 withheld, with 62,813,005 broker non-votes.
In addition to the director elections, the stockholders approved the following proposals:
- Say-on-Pay Proposal: Approved on an advisory basis regarding executive compensation.
- Auditor Ratification Proposal: Ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2026.
- Exchange Cap Proposal: Approved the potential issuance of 20% or more of the Company’s issued and outstanding shares pursuant to the Standby Equity Purchase Agreement dated March 24, 2026, between the Company and YA II PN, Ltd.
- Adjournment Proposal: Approved the adjournment of the Annual Meeting if necessary to achieve quorum for voting on proposals.
