Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 235

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 235
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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 one yearto 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 Recognized on Straight-line Basis Over Lease Term

| (Dollars in thousands) |     |   | 2023 |     |   | 2022 |
|:-----------------------|:----|:--|-----:|:----|:--|-----:|
| Operating lease cost   |     | $ |  238 |     | $ |  202 |
| Short-term lease cost  |     |   |    — |     |   |    — |
| Total net lease cost   |     | $ |  238 |     | $ |  202 |

Short-term leases are leases having a term of twelve months or less. The Company recognizes short-term leases on a straight-line basis and does not record a related lease asset or liability for such leases.

Supplemental cash flows information related to leases for the twelve months ended December 31 was as follows:

Summary of Cash Flow Information Related to Leases

| (Dollars in thousands)                                                            
 Cash paid for amounts included in the measurement of lease liabilities:           |     | 2023 |     |     | 2022 |     |
|:----------------------------------------------------------------------------------|:----|:-----|----:|:----|:-----|----:|
| Operating cash flows from operating leases                                        |     | $    | 234 |     | $    | 197 |
| Non-Cash Activity Right-of-use assets obtained in exchange for lease obligations: |     |      |     |     |      |     |
| Operating leases                                                                  |     | $    | 403 |     | $    |  20 |

Supplemental balance sheet information for the twelve months ended December 31 was as follows:

Summary of Balance Sheets Information

| (Dollars in thousands, except lease term and discount rate) 
 Operating