Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 241

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 241
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 Non-vested restricted stock forfeited/expired            |     |      |  (6,382 | ) |     |      | (4,279 | ) |
| Non-vested restricted stock balance, ending December     
 31                                                       |     |      |  11,503 |   |     |      | 33,221 |   |

The weighted average fair value price for the Company’s restricted stock activity for the Plans is as follows for each of the years ended December 31:

Summary of Weighted Average Fair Value Price Restricted Stock Activity

|                             |     |   |   2023 |     |   |   2022 |
|:----------------------------|:----|:--|-------:|:----|:--|-------:|
| Restricted stock, beginning |     | $ | 208.83 |     | $ | 282.11 |
| Granted                     |     | $ |   7.47 |     | $ | 180.55 |
| Exercised                   |     | $ | 107.84 |     | $ | 245.22 |
| Forfeited/ expired          |     | $ | 112.55 |     | $ | 235.54 |
| Restricted stock, ending    |     | $ | 222.39 |     | $ | 208.83 |

As of December 31, 2023 and 2022, there was approximately $ 1.4million and $ 4.8million, respectively of unrecognized compensation cost related to restricted stock plans. This cost is expected to be recognized over a remaining period of 0.60years and 2.37years, respectively.

Stock Warrants:

The following is a summary of common stock warrant activity during the year ended December 31, 2023.

Summary of Common Stock Warrant Activity

|                            |     | Number  
 of      
 Warrant 
 Shares  |           |   |     | Weighted           
 Average            
 Exercise Price ($) |       |
|:---------------------------|:----|:--------|----------:|:--|:----|:-------------------|------:|
| Balance, December 31, 2022 |     |         |   396,107 |   |     | $                  | 57.25 |
| Granted                    |     |         |   834,022 |   |     |                    |  9.55 |
| Exercised                  |     |         |   (