Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 266

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 266
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690,219 |     | $      | 8 |     | $          | 308,947 |   |     | $                   | (274,287 | ) |     |                | 40,741 |     | $      | (13,798 | ) |     | $           | 30,720 |   |     | $                   | 51,595 |   |
| Balance                                     |     |                 | 4,953,545 |     | $      | 5 |     |          | 62,500 |     | $      | — |     |              | 7,690,219 |     | $      | 8 |     | $          | 308,947 |   |     | $                   | (274,287 | ) |     |                | 40,741 |     | $      | (13,798 | ) |     | $           | 30,720 |   |     | $                   | 51,595 |   |

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

| F-54 |

<div align='center'>Soluna Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows (Unaudited)

For the Nine Months Ended September 30, 2024 and 2023</div>

| (Dollars in thousands)                                                                      |     |                            2024 |         |   |     | 2023 |         |   |
|                                                                                             |     | Nine Months Ended September 30, |         |   |     |      |         |   |
| (Dollars in thousands)                                                                      |     |                            2024 |         |   |     | 2023 |         |   |
| Operating Activities                                                                        |     |                                 |         |   |     |      |         |   |
| Net loss                                                                                    |     |                               $ | (19,782 | ) |     |    $ | (22,705 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities:                 |     |                                 |         |   |     |      |         |   |
| Depreciation expense                                                                        |     |                                 |   4,634 |   |     |      |   2,387 |   |
| Amortization expense                                                                        |     |                                 |   7,116 |   |     |      |   7,111 |