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Mechanical Technology Inc reported raising $2.74 Million in an initial SEC Form D filing, from an offering of $2.74 Million

PUBLIC · SLNHOct 24, 2016

Amount Raised

$2.74 Million

$2.74 Million sold, per SEC Form D (first sale Oct 24, 2016)

Round Type

Seed

AlbanyManufacturingEnergyFinancial ServicesRenewable Energy

Quick answer

Soluna Holdings raised $2.74 Million in a Seed round, dated October 24, 2016. Soluna Holdings is based in Albany, New York, United States.

How much did Soluna Holdings raise?
Soluna Holdings raised $2.74 Million in a Seed round on October 24, 2016.
What does Soluna Holdings do?
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..
Where is Soluna Holdings based and how big is it?
Soluna Holdings is based in Albany, New York, United States. Fundz records about 6 employees.
Who are the decision-makers at Soluna Holdings?
Fundz holds 1 contact at Soluna Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Financial Services around the same time

Companies in the same sectors as Soluna Holdings that raised within 45 days of this round, from Fundz verified event records.

  • Ascent Solar Technologies raised $1M (Seed) on October 28, 2016.
  • Ascent Solar Technologies raised $1.4M on October 4, 2016.
  • Birchtech raised $13M on November 22, 2016.
  • Capstone Energy Plus, Inc. raised $7.5M on November 4, 2016.
  • Arq raised $22M on November 4, 2016.
  • Lithium South Development raised $74K (Pre-Seed) on December 6, 2016.

Who to call at Soluna Holdings, and when

A new round usually means Soluna Holdings is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Soluna Holdings raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Soluna Holdings, from your own LinkedIn network

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Company Information

Company

Soluna Holdings

Location

325 Washington Avenue Extension

Albany, 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.

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Related People

1 contact
Verified contacts22 people are listed at Soluna Holdings. We don't have their email yet.See plans and pricing
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Soluna Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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