Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 265

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 265
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expense)                                                      |     |                    |       547 |   |     |      |      (569 | ) |     |                   |     1,743 |   |     |      |       524 |   |
| Net loss                                                                          |     |                    |    (8,093 | ) |     |      |    (6,016 | ) |     |                   |   (19,782 | ) |     |      |   (22,705 | ) |
| (Less) Net loss (income) attributable to non-controlling interest                 |     |                    |       903 |   |     |      |      (646 | ) |     |                   |    (3,535 | ) |     |      |       206 |   |
| Net loss attributable to Soluna Holdings, Inc.                                    |     |                  $ |    (7,190 | ) |     |    $ |    (6,662 | ) |     |                 $ |   (23,317 | ) |     |    $ |   (22,499 | ) |
| Basic and Diluted loss per common share:                                          |     |                    |           |   |     |      |           |   |     |                   |           |   |     |      |           |   |
| Basic & Diluted loss per share                                                    |     |                  $ |     (1.29 | ) |     |    $ |     (5.96 | ) |     |                 $ |     (6.00 | ) |     |    $ |    (24.16 | ) |
| Weighted average shares outstanding (Basic and Diluted)                           |     |                    | 7,738,664 |   |     |      | 1,412,640 |   |     |                   | 5,147,602 |   |     |      | 1,162,689 |   |

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

| F-52 |

<div align='center'>Soluna Holdings, Inc. and Subsidiaries
Condensed Consolidated Statements of Changes in Equity
For the Year Ended December 31, 2023

And the Three and Nine Months Ended September 30, 2024 (Unaudited)</div>

(Dollars in thousands, except per share)

|                                                             |     | Series A        
 Shares          
 Preferred Stock 
 Series A        
 Shares          |           |     | Amount