Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 259

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 3
Chunk 259
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 regain compliance with the minimum closing bid price requirement, pursuant to Nasdaq Rule 5810(c)(3)(A). We may be eligible
for an additional 180 calendar day compliance period. There can be no assurance that we will regain compliance with the minimum closing
bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance
with the other Nasdaq listing requirements.

We will continue to monitor
the closing bid price of our common stock and assess potential actions to regain compliance with the minimum closing bid price requirement
and may, if appropriate, consider and effectuate available options, including implementation of a reverse stock split of our common stock.
If we implement a reverse stock split in order to remain listed on Nasdaq, the announcement or implementation of such a reverse stock
split could negatively affect the price of our common stock.

We must regain compliance with
Nasdaq’s minimum closing bid price requirement of $1.00 per share (and must continue to maintain compliance with Nasdaq’s
other continued listing requirements), or risk delisting, which could have a material adverse effect on our business. If our common stock
is delisted from Nasdaq, it could materially reduce the liquidity of our common stock and result in a corresponding material reduction
in the price of our common stock as a result of the loss of market efficiencies associated with Nasdaq and the loss of federal preemption
of state securities laws. In addition, delisting could harm our ability to raise capital through alternative financing sources on terms
acceptable to us, or at all, and may result in the potential loss of confidence by investors, suppliers, contractual counterparties, and
employees and fewer business development opportunities. If our common stock were delisted, it could be more difficult to buy or sell our
common stock or to obtain accurate quotations, and the price of our common stock could suffer a material decline. Delisting could also
impair our ability to raise capital on acceptable terms, if at all.

Item 2. Unregistered Sales of
Equity Securities and Use of Proceeds

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Rule 10b5-1 Trading Arrangements
and Non-Rule 10b5-1 Trading Arrangements

During the fiscal quarter ended March
31, 2025, none of our officers or directors, as those terms are