Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 175

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 175
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 | (2.24 | ) |
| Basic and Diluted net income per share from discontinued operations |     |                         |   13.22 |   |     |              |   13.22 |   |     |        | -     |   |
| Basic and Diluted net loss per share                                |     | $                       | (172.17 | ) |     | $            | (174.41 | ) |     | $      | (2.24 | ) |

| (1) | Prior period results have been adjusted to reflect the Reverse                                                                     
 Stock Split of the Common Stock at a ratio of 1-for- 25 that became effective October 13, 2023. See Note 2, “Accounting Policies,” 
 for details.                                                                                                                       |

The following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, and the final revised basic and diluted EPS calculation to correct all identified errors:

|                                      |     | As reported for the three months ended March 31, 2023 (1) |       |   |     | As revised |        |   |     | Change |       |   |
|:-------------------------------------|:----|:----------------------------------------------------------|:------|:--|:----|:-----------|:-------|:--|:----|:-------|:------|:--|
| Basic and Diluted net loss per share |     | $                                                         | (8.74 | ) |     | $          | (10.30 | ) |     | $      | (1.56 | ) |

|                                      |     | For the three months ended June 30, 2023 |       |   |     |            |       |   |     |        |       |   |     | For the six months ended June 30, 2023 |        |   |     |            |        |   |     |        |       |   |
|:-------------------------------------|:----|:-----------------------------------------|:------|:--|:----|:-----------|:------|:--|:----|:-------|:------|:--|:----|:---------------------------------------|:-------|:--|:----|:-----------|:-------|:--|:----|:-------|:------|:--|
|