Soluna convertibles maturity to be extended to May 25

By Wendy Van Sickle

Columbus, Ohio, April 25 – Soluna Holdings, Inc. 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.

Long-term extension discussions are under way, and the company said it will make an announcement when a final agreement is reached.

Soluna conducts business through its two wholly owned subsidiaries, SCI and MTI Instruments. SCI mines cryptocurrency through data centers and can be powered by renewable energy sources. MTI designs, manufactures and sells vibration measurement and system balancing solutions, precision linear displacement sensors, instruments and system solutions, and wafer inspection tools. Soluna is based in Albany, N.Y.

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