Company: SLNH
Filing Date: 2025-08-08
Form Type: 8-K
Source: 0001641172-25-022807
Chunk: 1

Company: Soluna Holdings, Inc
Filing Date: 2025-08-08
Form: 8-K
Item: Item 5.02
Chunk 1
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 Accounting and Finance and a minor in Economics from the University at Albany and completed
graduate-level coursework at LIU Post (formerly C. W. Post Campus of Long Island University). Mr. Michaels also completed the Leadership
Institute Program at the Lally School of Management & Technology at Rensselaer Polytechnic Institute.

There
are no family relationships between Mr. Michaels and any Company director or executive officer, and no arrangements or understandings
between Mr. Michaels and any other person pursuant to which he was selected as interim CFO. Mr. Michaels is not a party to any current
or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K.

In
connection with Mr. Michael’s appointment, the Company and Mr. Michaels entered into a consulting agreement, effective August 21,
2025 (the “ Consulting Agreement”). The Consulting Agreement provides for a four month term providing for consulting fees
of $30,000 per month. Under the Consulting Agreement, the Company agreed to provide Mr. Michaels with D& O insurance until the five
year anniversary of the termination or expiration of the Consulting Agreement and to reimburse Mr. Michaels for all reasonable and approved
out-of-pocket expenses incurred in connection with the performance of his duties under the Consulting Agreement. The Company may terminate
the Consulting Agreement at any time upon thirty days written notice to Mr. Michaels. The foregoing description of the Consulting Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, a copy of which is
attached hereto as Exhibit 10.1 and is incorporated herein by reference.