logo
logo

Soluna Holdings Appoints Ernest Popescu As Chief Executive Officer

Dec 19, 20248 months ago

Position

Chief Executive Officer

Company

Soluna Holdings

Ernest Popescu
New YorkFinancial Services

Description

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 Information

Company

Soluna Holdings

Location

New York, United States

About

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.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months