Soluna Holdings Inc (SLNH)

[HokieHead]

Brookstone's $2.7 million investment:

Mechanical Technology Secures $2.74 Million Investment from Brookstone Partners to Support Future Growth

Brookstone Partners (www.brookstonepartners.com), a private equity firm in New York City, has, through Brookstone Partners Acquisition XXIV, LLC (Brookstone), acquired 3.75 million newly issued shares of common stock of MTI for $2.74 million. Following this investment, MTI intends to continue to focus on the current growth strategy in the analytical measurement market with sensors, instruments and systems. This new investment has allowed MTI’s balance sheet to improve and provides MTI with additional capital for, among other things, key strategic activities. We believe that, in turn, this will facilitate an accelerated use of the approximate $51.0 million in unused Federal net operating loss carryforwards (NOLs) incurred by MTI during the microfuel cell development period to offset future taxable income

Still own 3.75 million shares at $0.72 a share.

$51 million in NOLs = $5+ a share ($51m NOL / 9.5m OS = $5.36 a share)

https://www.businesswire.com/news/home/20161024005111/en/Mechanical-Technology-Secures-2.74-Million-Investment-Brookstone

Looking forward to CC next week.