Company: SLNH
Filing Date: 2025-07-21
Form Type: DEF 14A
Source: 0001641172-25-020351
Chunk: 32

Company: Soluna Holdings, Inc
Filing Date: 2025-07-21
Form: DEF 14A
Chunk 32
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 whether the provision of non-audit services by UHY LLP is compatible with maintaining its independence. In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board (and the Board has approved) that the audited financial statements be included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 for filing with the Securities and Exchange Commission.

Audit Committee of Soluna Holdings, Inc.

Thomas J. Marusak (Chairman)

Edward R. Hirshfield

William P. Phelan

John Bottomley

| * | The                                                                                          
 foregoing report of the Audit Committee is not to be deemed “soliciting material”            
 or deemed to be “filed” with the Securities and Exchange Commission (irrespective            
 of any general incorporation language in any document filed with the Securities and Exchange 
 Commission) or subject to Regulation 14A of the Securities Exchange Act of 1934, as amended, 
 or to the liabilities of Section 18 of the Securities Exchange Act of 1934, except to the    
 extent we specifically incorporate it by reference into a document filed with the Securities 
 and Exchange Commission.                                                                     |

| 23 |

<div align='center'>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table sets forth certain information regarding shares of common stock beneficially owned as of June 30, 2025, for (i) each stockholder known to be the beneficial owner of more than 5% of our outstanding shares of common stock, (ii) each named executive officer and director, and (iii) all executive officers and directors as a group. A person is considered to beneficially own any shares over which such person, directly or indirectly, exercises sole or shared voting or investment power.

| Name                                                             
 of Beneficial Owner(2)                                           |     | Number(2) |           |     | Percent  
 of       
 Class(1) |      |   |
| Named                                                            
 Executive Officers                                               |     |           |           |     |          |      |   |
| Michael                                                          
 Toporek(3)                                                       |     |           | 1,924,792 |     |          | 10.1 | % |
| John                                                             
 Belizaire(4)                                                     |     |           |   805,306 |     |          |  4.2 | % |
| John                                                             
 Tunison(5)                                                       |     |