Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 104

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 104
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 assets                       |     |                |     575 |   |     |   |   47,372 |   |
| Adjusted EBITDA                                  |     | $              |  (3,457 | ) |     | $ |   (4,580 | ) |

Stock based compensation costs represented approximately $3.4 million non-cash restricted stock units and $908 thousand non-cash stock options for the year ended December 31, 2023 to members of our Board and certain Company employees compared to non-cash restricted stock units of approximately $2.6 million to members of our Board of Directors and certain Company employees for the year ended December 31, 2022 and non-cash stock options of approximately $1.2 million for the year ended December 31, 2022.

| 63 |

Comparison of the Three-Month Periods From January 1, 2022 Through December 31, 2022

|                                                         | (Dollars in thousands) |   |              Three 
 months ended March 
           31, 2022 |   |     |   |             Three 
 months ended June 
          30, 2022 |   |     |   |                  Three 
 months ended September 
               30, 2022 |   |     |   |                 Three 
 months ended December 
              31, 2022 |   |     |   |           Year 
 ended December 
       31, 2022 |   |
|:--------------------------------------------------------|:-----------------------|:--|-------------------:|:--|:----|:--|------------------:|:--|:----|:--|-----------------------:|:--|:----|:--|----------------------:|:--|:----|:--|---------------:|:--|
| Net loss from continuing operations                     |                        | $ |             (9,132 | ) |     | $ |           (14,104 | ) |     | $ |                (56,143 | ) |     | $ |               (27,637 | ) |     | $ |       (107,016 | ) |
| Interest expense, net                                   |                        |   |              2,880 |   |     |   |             3,305 |   |     |   |                  1,671 |   |     |   |                   519 |   |     |   |          8,375 |   |
|