Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 201

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 201
---
) will participate in the increase in value of the common equity of the Company, similar to a call option on common stock. Based on guidance in ASC 815-40-25-7 through 25-35, the share consideration is considered to be indexed to the Company’s stock and meets the additional criteria for equity classification.

| F-23 |

6. Intangible Assets

Intangible assets consist of the following as of December 31, 2023:

Schedule of Intangible Assets

| (Dollars in thousands)      |     | Intangible 
 Assets     |        |     | Accumulated  
 Amortization |        |     | Total |        |
|:----------------------------|:----|:-----------|-------:|:----|:-------------|-------:|:----|:------|-------:|
| Strategic pipeline contract |     | $          | 46,885 |     | $            | 20,317 |     | $     | 26,568 |
| Assembled workforce         |     |            |    500 |     |              |    216 |     |       |    284 |
| Patents                     |     |            |    165 |     |              |     10 |     |       |    155 |
| Total                       |     | $          | 47,550 |     | $            | 20,543 |     | $     | 27,007 |

Intangible assets consist of the following as of December 31, 2022:

| (Dollars in thousands)      |     | Intangible 
 Assets     |        |     | Accumulated  
 Amortization |        |     | Total |        |
|:----------------------------|:----|:-----------|-------:|:----|:-------------|-------:|:----|:------|-------:|
| Strategic pipeline contract |     | $          | 46,885 |     | $            | 10,940 |     | $     | 35,945 |
| Assembled workforce         |     |            |    500 |     |              |    117 |     |       |    383 |
| Patents                     |     |            |    110 |     |              |      6 |     |       |    104 |
| Total                       |     | $          | 47,495 |     | $            | 11,063 |     | $     | 36,432 |

Amortization