Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 2908

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 2908
---
 a written policy requiring that all related person transactions be reported to our executive management and/or the Board
and approved or ratified by the Audit Committee. In completing its review of proposed related person transactions, the Audit Committee
considers the aggregate value of the transaction, whether the transaction was undertaken in the ordinary course of business, the nature
of the relationships involved, and whether the transaction is on terms comparable to those that could be obtained in arm’s length
dealings with an unrelated third party.

Director
Independence

Pursuant
to the rules of Nasdaq, a director will only qualify as an “independent director” if, in the opinion of that company’s
board of directors, that person does not have a relationship that would interfere with the exercise of independent judgment in carrying
out the responsibilities of a director.

Under
such rules, the Board has determined that Messrs. Bottomley, Hazelip, Hirshfield, Marusak, and Phelan are “independent directors,”
as defined by the rules and listing standards of Nasdaq. Messrs. Michaels, Belizaire, Lipman and Toporek are not independent directors
under the Nasdaq rules. In making such independence determinations, our board of directors considered the relationships that each non-employee
director has with us and all other facts and circumstances that our board of directors deemed relevant in determining their independence,
including the beneficial ownership of our capital stock by each non-employee director. In considering the independence of the directors
listed above, our board of directors considered the association of our directors with the holders of more than 5% of our common stock.
There are no family relationships among any of our directors and executive officers.

Item
14. Principal Accountant Fees and Services

Principal
Accountant Fees and Services

The
following table summarizes the fees paid for professional services rendered by UHY LLP, our independent registered public accounting
firm, for each of the last fiscal years:

    For the Years End December 31, 

    2024  
    2023 
  
    Audit fees 
    $675,000  
    $510,000 
  
    Audit-related fees 
     -  
     - 
  
    Tax fees 
     -  
     - 
  
    All other fees 
     118,000  
     - 
  
    Total 
    $793,000  
    $510,000 

Audit
Fees

Audit
fe