Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 3009

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 3009
---
 Restricted Stock Activity  

    2024  
    2023 
  
    Restricted stock, beginning 
    $222.39  
    $208.83 
  
    Granted 
    $2.86  
    $7.47 
  
    Exercised 
    $6.90  
    $107.84 
  
    Forfeited/ expired 
    $28.00  
    $112.55 
  
    Restricted stock, ending 
    $3.06  
    $222.39 

     F-35 

As
of December 31, 2024 and 2023, there was approximately $10.9 million and $1.4 million, respectively of unrecognized compensation cost
related to restricted stock plans. This cost is expected to be recognized over a weighted-average remaining period of 1.44 years and
0.60 years, respectively.

Stock
Warrants:

The
following is a summary of common stock warrant activity during the year ended December 31, 2024.

Summary
of Common Stock Warrant Activity 

    Number of  Warrant  Shares  
    Weighted  Average  Exercise Price ($) 
  
    Balance, December 31, 2023 
     1,148,269  
    $24.21 
  
    Granted 
     3,402,972  
     2.47 
  
    Exercised 
     (1,721,443) 
     1.36 
  
    Forfeited/ Expired 
     (36,000) 
     287.50 
  
    Balance, December 31, 2024 
     2,793,798  
    $4.55 

As
of December 31, 2024, the outstanding warrants have a weighted average remaining term of 4.13 years.

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

    Number of  Warrant  Shares  
    Weighted  Average  Exercise Price ($) 
  
    Balance, December 31, 2022 
     396,107  
    $57.25 
  
    Granted 
     834,022  
     9.55 
  
    Exercised 
     (81,860) 
     0.01 
  
    Forfeited/ Expired 
     -