Soluna Holdings Inc (SLNH)

[Amigo Mike]

Mechanical Technology Announces Name and Ticker Change to Soluna Holdings (SLNH)
November 04 2021 - 07:00AM
GlobeNewswire Inc.

via NewMediaWire -- Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has completed its official name change to Soluna Holdings, Inc. and new ticker symbol for its common stock to SLNH and SLNHP for its preferred stock. The ticker change is scheduled to become effective on November 4th.

Michael Toporek, CEO of MTI, stated, “The closing of the Soluna transaction marks an acceleration in our growth as we acquired over 300MW of development pipeline and seek to move our capacity from our 1 Exhash target to over 4 Exahash by year end 2022. We also become a premier provider of solutions to the renewable energy sector as we help them monetize every megawatt they generate. Changing our name to more accurately reflect our business was a natural step in our evolution.”