Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 104

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 104
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2023 Through December 31, 2023

|                                                         | (Dollars in thousands) |   |              Three 
 months ended March 
           31, 2023 |   |     |   |             Three 
 months ended June 
          30, 2023 |   |     |   |                  Three 
 months ended September 
               30, 2023 |   |     |   |                 Three 
 months ended December 
              31, 2023 |   |
|:--------------------------------------------------------|:-----------------------|:--|-------------------:|:--|:----|:--|------------------:|:--|:----|:--|-----------------------:|:--|:----|:--|----------------------:|:--|
| Net loss                                                |                        | $ |             (7,432 | ) |     | $ |            (9,257 | ) |     | $ |                 (6,016 | ) |     | $ |                (4,998 | ) |
| Interest expense, net                                   |                        |   |              1,374 |   |     |   |               486 |   |     |   |                    495 |   |     |   |                   393 |   |
| Income tax (benefit) expense                            |                        |   |               (547 | ) |     |   |              (547 | ) |     |   |                    569 |   |     |   |                  (542 | ) |
| Depreciation and amortization                           |                        |   |              3,002 |   |     |   |             2,918 |   |     |   |                  3,579 |   |     |   |                 3,877 |   |
| EBITDA                                                  |                        |   |             (3,603 | ) |     |   |            (6,400 | ) |     |   |                 (1,373 | ) |     |   |                (1,270 | ) |
| Adjustments: Non-cash items                             |                        |   |                    |   |     |   |                   |   |     |   |                        |   |     |   |                       |   |
| Stock-based compensation costs                          |                        |   |                879 |   |     |   |             2,232 |   |     |   |                    595 |   |     |   |