Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 297

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 297
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 Stock. Pursuant to a Dividend Payment Agreement, the Company and the holder of the Series B Stock agreed to satisfy the payment of the dividend through the issuance of 44,000shares of its Common Stock and 70,300pre-funded warrants (the “Pre-funded Warrants”). Effective October 1, 2024 the dividend payment obligation has been modified to be annual.

Reservation of Shares

The Company had reserved common shares for future issuance as follows as of September 30, 2024:

Schedule of Reserved Shares of Common Stock for Future Issuance

| Stock options outstanding                                              |     |     3,325 |
| Restricted stock units outstanding                                     |     |     5,692 |
| Warrants outstanding                                                   |     | 3,222,446 |
| Common stock available for future equity awards or issuance of options |     |   456,707 |
| Number of common shares reserved                                       |     | 3,688,170 |

The Company also notes that as of September 30, 2024, there are 14,888Series A preferred stock available for future equity awards under the 2021 Plan.

Loss per Share

The Company computes basic loss per common share by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per share reflects the potential dilution, if any, computed by dividing loss by the combination of dilutive common share equivalents, comprised of shares issuable under outstanding investment rights, warrants and the Company’s share-based compensation plans, and the weighted average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money stock options, which are calculated based on the average share price for each period using the treasury stock method. Under the treasury stock method, the exercise price of a stock option and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period.

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for operations for the three and nine months ended September 30:

Schedule of Basic and Diluted Per Share Computations for Continuing Operations

|                                                                                                                           |     |                             2024 |           |   |     | 2023 |           |   |     |                            2024 |           |   |     | 2023 |           |   |
| (Dollars in thousands, except