Soluna Holdings Appoints Ernest Popescu As Chief Executive Officer
12/19/24, 1:14 PM
Location
new yorkIndustry
financial services
Position
chief executive officer
Soluna Holdings, Inc. is pleased to announce the appointment of Ernest Popescu as the Chief Executive Officer, bringing his deep expertise in building, managing, and scaling data center infrastructures from leading technology companies. This appointment further strengthens Soluna's commitment to delivering cutting-edge, high-performance computing data centers scale.
Company Info
Location
new york, united states
Additional Info
The Company expects to issue an aggregate of approximately $29 million of shares of Series A Preferred Stock in connection with the concurrent offerings, and expects the extinguishment of an aggregate principal amount of $20 million of outstanding promissory notes of the Company held by institutional lenders in exchange for the shares of Series A Preferred Stock issued to such lenders in connection with the registered direct offering. The Company expects to receive an aggregate amount of approximately $9.2 million from the underwritten public offering, before deducting underwriting discounts and other estimated offering fees and expenses. Soluna Holdings, Inc. (“SHI”) (Nasdaq: SLNH) is the leading developer of green data centers that convert excess renewable energy into global computing resources.