Nasdaq warns Soluna (NASDAQ: SLNH) on sub-$1 bid and starts 180-day clock

Q: How long does Soluna Holdings (SLNH) have to regain Nasdaq compliance?

Soluna has 180 calendar days , until October 7, 2026 , to regain compliance. It must achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days within that period to cure the deficiency.

Q: What happens if Soluna (SLNH) does not regain compliance by October 7, 2026?

If Soluna is still noncompliant by October 7, 2026 , it may qualify for a second 180‑day compliance period. If it does not qualify or still fails to comply, Nasdaq can move to delist the common stock, subject to Soluna’s right to appeal.

Q: Does the Nasdaq notice immediately affect trading of Soluna (SLNH) stock?

The notice has no immediate effect on the listing or trading of Soluna’s common stock on the Nasdaq Capital Market. Shares continue to trade under the current symbol while the company works within the compliance period to address the minimum bid price issue.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

8-K

Rhea-AI Filing Summary

Soluna Holdings, Inc. received a Nasdaq notice that its common stock has closed below $1.00 for 30 consecutive business days, violating the exchange’s minimum bid price requirement for the Nasdaq Capital Market.

The company has 180 calendar days, until October 7, 2026, to regain compliance by maintaining a closing bid of at least $1.00 for ten consecutive business days. The notice does not immediately affect trading, but failure to regain compliance could ultimately lead to delisting, although Soluna could seek an additional 180-day period or appeal a delisting determination.

Positive

None.

Negative

Nasdaq minimum bid deficiency: Soluna’s common stock has traded below the $1.00 minimum bid for 30 consecutive business days, starting a compliance period that could ultimately result in delisting if not remedied.

Insights

Nasdaq has formally flagged Soluna for sub‑$1 trading, starting a defined compliance clock.

Nasdaq notified Soluna Holdings that its common stock has stayed below the $1.00 minimum bid price for 30 consecutive business days. This triggers a deficiency period under Nasdaq Listing Rule 5550(a)(2) but does not immediately change where or how the shares trade.

The company has 180 calendar days, until October 7, 2026, to lift its closing bid to at least $1.00 for ten straight business days. If it fails, Soluna might access a second 180‑day window, but persistent noncompliance could result in a delisting determination and a hearings process.

Management states it will monitor the stock price and may consider strategies permitted under Nasdaq rules to regain compliance. The filing does not specify particular actions, so the eventual impact depends on future decisions and market conditions during the defined compliance periods.

8-K Event Classification

Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

1 item

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities

The company received a delisting notice or transferred its listing to a different exchange.

Key Figures

Minimum bid price threshold: $1.00 per share Noncompliance measurement period: 30 consecutive business days Initial compliance window: 180 calendar days +2 more

5 metrics

Minimum bid price threshold $1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement

Noncompliance measurement period 30 consecutive business days Closing bid below $1.00 triggered notice

Initial compliance window 180 calendar days Period ending October 7, 2026 to regain compliance

Compliance trading requirement 10 consecutive business days Closing bid at or above $1.00 needed to cure deficiency

Compliance deadline October 7, 2026 End of initial 180-day compliance period

Key Terms

Nasdaq Capital Market, minimum bid price requirement, Nasdaq Listing Rule 5550(a)(2), delist, +1 more

5 terms

Nasdaq Capital Market financial

"continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2)"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

minimum bid price requirement financial

"not in compliance with the minimum bid price requirement for continued listing"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

Nasdaq Listing Rule 5550(a)(2) regulatory

"requirement for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2)"

delist regulatory

"Nasdaq will notify the Company of its determination to delist the Common Stock"

Delist means a company’s shares are removed from a public stock exchange so they can no longer be bought or sold on that market. Think of it like a product being taken off a supermarket shelf: the stock becomes harder to find, often leads to less trading, wider price swings, and reduced transparency, which matters to investors because it can limit ability to sell, change the value of holdings, and signal regulatory or financial problems.

Nasdaq hearings panel regulatory

"the Company would have an option to appeal the delisting determination to a Nasdaq hearings panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

Understanding 8-K Material Events →

04/14/2026 - 06:05 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 10, 2026

SOLUNA HOLDINGS, INC.

(Exact name of Registrant as Specified in Its Charter)

Nevada

001-40261

14-1462255

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

325 Washington Avenue Extension
Albany, New York		12205
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (516) 216-9257

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.001 per share	SLNH	The Nasdaq Stock Market LLC
9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share	SLNHP	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 10, 2026, Soluna Holdings, Inc. (the “Company”) received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the closing bid price for the Company’s common stock, par value $0.001 per share (the “Common Stock”), had been below $1.00 per share for the previous 30 consecutive business days, and that the Company is therefore not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2).

The Notice has no immediate effect on the listing or trading of the Common Stock on the Nasdaq Capital Market.

In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until October 7, 2026, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this 180-day period.

If the Company is not in compliance by October 7, 2026, the Company may qualify for a second 180 calendar-day period to regain compliance. If the Company does not qualify for, or fails to regain compliance during the second compliance period, then Nasdaq will notify the Company of its determination to delist the Common Stock, at which point the Company would have an option to appeal the delisting determination to a Nasdaq hearings panel.

The Company intends to actively monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available strategies to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOLUNA HOLDINGS, INC.

Date: April 14, 2026	By:	/s/ Michael Picchi
		Michael Picchi
		Chief Financial Officer
		(principal financial officer)

Source: View Original Filing on SEC EDGAR

FAQ

What Nasdaq notice did Soluna Holdings (SLNH) receive?

Soluna received a Nasdaq notice that its common stock closed below the $1.00 minimum bid price for 30 consecutive business days. This means the company is not in compliance with Nasdaq Listing Rule 5550(a)(2) for the Nasdaq Capital Market.

How long does Soluna Holdings (SLNH) have to regain Nasdaq compliance?

Soluna has 180 calendar days, until October 7, 2026, to regain compliance. It must achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days within that period to cure the deficiency.

What happens if Soluna (SLNH) does not regain compliance by October 7, 2026?

If Soluna is still noncompliant by October 7, 2026, it may qualify for a second 180‑day compliance period. If it does not qualify or still fails to comply, Nasdaq can move to delist the common stock, subject to Soluna’s right to appeal.

Does the Nasdaq notice immediately affect trading of Soluna (SLNH) stock?

The notice has no immediate effect on the listing or trading of Soluna’s common stock on the Nasdaq Capital Market. Shares continue to trade under the current symbol while the company works within the compliance period to address the minimum bid price issue.

What must Soluna Holdings (SLNH) do to regain Nasdaq bid price compliance?

To regain compliance, Soluna’s common stock must have a closing bid price of at least $1.00 per share for ten consecutive business days during the 180‑day window. Achieving this threshold would restore compliance with Nasdaq’s minimum bid price standard.

Can Soluna (SLNH) appeal a potential Nasdaq delisting decision?

If Nasdaq determines to delist Soluna’s common stock after the compliance periods, the company would receive a delisting notice. Soluna would then have the option to appeal that determination to a Nasdaq hearings panel under the exchange’s procedures.

Filing Exhibits & Attachments

4 documents