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SLNH Soluna

Filed: 13 Aug 21, 3:57pm

 

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) August 10, 2021

 

MECHANICAL TECHNOLOGY INC. 

(Exact name of registrant as specified in its charter)

 

Nevada 000-06890 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)

 

(518) 218-2550 

(Registrant's telephone number, including area code)

 

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 (see General Instruction A.2. below):

 

 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))

  

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. ☐

 

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 MKTY The Nasdaq Stock Market

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition

 

On August 10, 2021, Mechanical Technology, Incorporated (the “Company”) issued a press release announcing its financial and business highlights for the quarterly period ended June 30, 2021 and Ecochain, Inc. (“EcoChain”) July site level financials. The press release is attached hereto as Exhibit 99.1 under Item 9.01 of this Current Report on Form 8-K (this “Form 8-K”) and is incorporated by reference herein.

 

Additionally, on August 10, 2021, the Company delivered to the Company’s stockholders a presentation of the Company’s first quarter results and EcoChain’s July site level financials. The Company released presentation materials that incorporate the Company’s second quarter results, a discussion of each business segment and recent business highlights, as well as the monthly July financials of the Company’s EcoChain business. The materials of the presentation are available at the Company’s website, specifically located at: https://www.mechtech.com/mti-announces-quarter-two-2021-results.

 

Item 7.01 Regulation FD Disclosure

 

Reference is made to the disclosure in Item 2.02 of this Form 8-K, which disclosure is incorporated herein by reference.

 

The information contained in this Form 8-K provided under Item 7.01 and Exhibit 99.1 attached hereto are furnished to, but shall not be deemed filed with, the Securities and Exchange Commission (the “SEC”) or incorporated by reference into the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

Forward-Looking Statements

 

This Form 8-K and Exhibit 99.1 contain forward-looking statements. Forward-looking statements include, but are not limited to, statements that express the Company’s intentions, beliefs, expectations, strategies, predictions or any other statements related to the Company’s future activities, or future events or conditions. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by its management. These statements are not guarantees of future performances and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those risks that may be included in documents that the Company files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this Form 8-K, except as required by law.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.Description 
99.1Press Release of Mechanical Technology, Incorporated dated August 10, 2021. 

 

 

 

 

SIGNATURES

 

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

 

 MECHANICAL TECHNOLOGY, INCORPORATED
   
Date: August 13, 2021By:/s/ Jessica L. Thomas
 Name:Jessica L. Thomas
 Title:Chief Financial Officer