Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1269

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1269
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.44 years and
0.60 years, respectively.

Stock
Warrants:

The
following is a summary of common stock warrant activity during the year ended December 31, 2024.

Summary
of Common Stock Warrant Activity 

    Number of  Warrant  Shares  
    Weighted  Average  Exercise Price ($) 
  
    Balance, December 31, 2023 
     1,148,269  
    $24.21 
  
    Granted 
     3,402,972  
     2.47 
  
    Exercised 
     (1,721,443) 
     1.36 
  
    Forfeited/ Expired 
     (36,000) 
     287.50 
  
    Balance, December 31, 2024 
     2,793,798  
    $4.55 

As
of December 31, 2024, the outstanding warrants have a weighted average remaining term of 4.13 years.

The
following is a summary of common stock warrant activity during the year ended December 31, 2023.

    Number of  Warrant  Shares  
    Weighted  Average  Exercise Price ($) 
  
    Balance, December 31, 2022 
     396,107  
    $57.25 
  
    Granted 
     834,022  
     9.55 
  
    Exercised 
     (81,860) 
     0.01 
  
    Forfeited/ Expired 
     -  
     - 
  
    Balance, December 31, 2023 
     1,148,269  
    $24.21 

As
of December 31, 2023, the outstanding warrants have a weighted average remaining term of 3.88 years.

13. Commitments and Contingencies

Commitments:

Leases

The
Company determines whether an arrangement is a lease at inception. The Company has operating leases for certain manufacturing, laboratory,
office facilities and certain equipment. The leases have remaining lease terms of less than one year to less than ten years. Our lease
agreements do not contain any material residual value guarantees or material restrictive covenants. As of December 31, 2024 and December
31, 2023, the Company has no assets recorded under finance leases.

Lease
expense for these leases is