The effects of simple thiolates vs chelating dithiolates on M−M bonding, redox potentials, and synthetic outcomes have been probed experimentally and computationally. Nickelocene (Cp 2 Ni) has long been known to react with simple thiols to give diamagnetic Cp 2 Ni 2 (SR) 2 with planar Ni 2 S 2 cores and long Ni---Ni distances. Ethane-and propanedithiol (edtH 2 and pdtH 2 , respectively) instead give di-, tri-, and pentanickel complexes, with nonplanar Ni 2 S 2 cores. The 36e Cp 2 Ni 2 (pdt) (1 pdt ) adopts a symmetrical butterfly Ni 2 S 2 structure. Variable-temperature NMR spectra indicate that 1 pdt possesses a thermally accessible triplet state (ΔG = 2.65(5) kcal/mol) in equilibrium with a diamagnetic ground state. DFT calculations indicate that the singlet−triplet gap is highly sensitive to the nonplanarity of the Ni 2 S 2 core. The calculations further reveal that only the high-spin form of 1 pdt features Ni−Ni bonding, which is unprecedented. Cp 2 Ni 3 (pdt) 2 (2 pdt ), which derives from 1 pdt , crystallized as cis and trans isomers, both with a central Ni(pdt) 2 2− unit that is S,Schelated to two CpNi + centers. Reaction of Cp 2 Ni with 1,2-ethanedithiol (H 2 edt) and 1,2-benzenedithiol (bdtH 2 ) exclusively gave the trinickel species 2 edt and 2 bdt , which are structurally analogous to cis-2 pdt . Solutions of 2 edt are unstable, depositing crystals of Cp 2 Ni 5 (edt) 4 (3 edt ). Cyclic voltammetric studies show that the Ni 2 species oxidize readily to give the mixed-valence cations [1 pdt ] + and [1 edt ] + . Crystallographic and EPR analyses indicate that these cations are delocalized mixed-valence Ni(II)− Ni(III) species. Oxidation of Cp 2 Ni 2 (SEt) 2 , which features a planar Ni 2 S 2 core, afforded a mixed-valence cation, showing the pyramidal Ni 2 S 2 core observed in [1 pdt ] 0/+ and [1 edt ] 0/+ . Although not obtained from the Cp 2 Ni/H 2 edt reaction, the neutral complex 1 edt was obtained by reduction of [1 edt ] + . Variable-temperature NMR measurements and DFT calculations indicate that the triplet is further stabilized in this highly pyramidalized species.