Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 4

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 and credit on
    equipment deposit 
     (780) 
     -  
     (802) 
     (21)
  
    Fair value adjustment (loss) gain 
     (22,047) 
     328  
     (22,165) 
     (5,607)
  
    Other financing expense 
     (4,746) 
     -  
     (5,203) 
     - 
  
    Other income (expense),
    net 
     5  
     (6) 
     (280) 
     (32)
  
    Loss before income taxes 
     (26,453) 
     (8,640) 
     (42,618) 
     (21,525)
  
    Income tax benefit, net 
     666  
     547  
     1,697  
     1,743 
  
    Net loss 
     (25,787) 
     (8,093) 
     (40,921) 
     (19,782)
  
    (Less) Net loss (income)
    attributable to non-controlling interest 
     1,831  
     903  
     2,027  
     (3,535)
  
    Net loss attributable
    to Soluna Holdings, Inc. 
    $(23,956) 
    $(7,190) 
    $(38,894) 
    $(23,317)

    Basic and Diluted loss per common share: 

    Basic & Diluted loss per share 
    $(1.14) 
    $(1.56) 
    $(3.29) 
    $(7.15)

    Weighted average shares outstanding (Basic and Diluted) 
     26,983,023  
     6,388,335  
     15,683,072  
     4,320,546 

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5

Soluna
Holdings, Inc. and Subsidiaries

Condensed
Consolidated Statements of Changes in Equity

For
the Year Ended December 31, 2024

And
the Three and Nine Months Ended September 30, 2025 (Unaudited)

(Dollars
in thousands, except per share)