Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 242

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 242
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81,726 | ) |     |                    |  0.01 |
| Forfeited/ Expired         |     |         |      (134 | ) |     |                    |  0.01 |
| Balance, December 31, 2023 |     |         | 1,148,269 |   |     | $                  | 24.21 |

As of December 31, 2023, the outstanding warrants have a weighted average remaining term of 3.88years.

The following is a summary of common stock warrant activity during the year ended December 31, 2022.

|                            |     | Number  
 of      
 Warrant 
 Shares  |         |   |     | Weighted           
 Average            
 Exercise Price ($) |        |
|:---------------------------|:----|:--------|--------:|:--|:----|:-------------------|-------:|
| Balance, December 31, 2021 |     |         |  87,758 |   |     | $                  | 346.25 |
| Granted                    |     |         | 359,491 |   |     |                    |  57.75 |
| Exercised                  |     |         |  (3,780 | ) |     |                    | 206.00 |
| Forfeited/ Expired         |     |         | (47,362 | ) |     |                    | 237.50 |
| Balance, December 31, 2022 |     |         | 396,107 |   |     | $                  |  57.25 |

As of December 31, 2022, the outstanding warrants have a weighted average remaining term of 3.99years.

| F-39 |

14. Commitments and Contingencies

Commitments:

Leases

The Company determines whether an arrangement is a lease at inception. The Company has operating leases for certain manufacturing, laboratory, office facilities and certain equipment. The leases have remaining lease terms of less than oneyear to less than ten years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of December 31, 2023 and December 31, 2022, the Company has no assets recorded under finance leases.

Lease expense for these leases is recognized on a straight-line basis over the lease term. For the twelve months ended December 31, total lease costs are comprised of the following:

Summary of Lease Expense Recogn