Soluna Holdings Files Prospectus Related To Sale By Selling Holders Of Up To 22.3M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Soluna Holdings has filed a prospectus with the SEC for the sale of up to 22.3 million shares of common stock by selling holders.
October 09, 2024 | 4:54 pm
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Soluna Holdings has filed a prospectus for the sale of up to 22.3 million shares of common stock by selling holders, which could lead to increased stock supply and potential price pressure.
The filing of a prospectus for the sale of a large number of shares typically increases the supply of shares in the market, which can lead to downward pressure on the stock price. This is particularly relevant for current investors as it may affect the stock's short-term performance.
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