Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 41

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 41
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 involving the Company; or

●discouraging a potential acquirer from making a tender offer
or otherwise attempting to obtain control of the Company.

We are subject to complex environmental, health
and safety laws and regulations that may expose us to significant liabilities for penalties, damages or costs of remediation or compliance.

We are subject to various federal, state, local and
foreign environmental, health and safety laws and regulations. These laws and regulations govern matters such as: the emission and discharge
of hazardous materials into the ground, air, or water; the generation, use, storage, handling, treatment, packaging, transportation, exposure
to, and disposal of hazardous and biological materials, including recordkeeping, reporting and registration requirements; and the health
and safety of our employees. We may incur significant additional costs beyond those currently contemplated to comply with these regulatory
requirements. Further, if we fail to comply with these requirements we may be exposed to fines, penalties and/or interruptions in our
operations that could have a material adverse effect on our business, operating results, and financial condition. Certain environmental
laws may impose strict, joint and several liability for costs required to clean up and restore sites where hazardous substances have been
disposed or otherwise released into the environment, even under circumstances where the hazardous substances were released by prior owners
or operators, or the activities conducted and from which a release emanated complied with applicable law. Please see “We could
incur significant costs related to environmental matters, including from government regulation, private litigation, and existing conditions
at some of our properties” below for more detail.

Further, existing regulations, particularly in the
environmental area, could be revised or reinterpreted, or new laws and regulations could be adopted or become applicable to us or our
facilities and future changes in environmental laws and regulations could occur, including potential regulatory and enforcement developments
related to air emissions, any of which could result in significant additional costs. Any of the foregoing could have a material adverse
effect on our results of operations and financial condition.

33

We could incur significant
costs related to environmental matters, including from government regulation, private litigation, and existing conditions at some of our
properties.

We may face costs or obligations related to environmental laws and regulations,
including for investigating or cleaning up contamination on our properties, even if the issue was caused by prior owners or operators.
U.S. environmental laws, like Comprehensive Environmental Response, Compensation, and Liability Act of 1980, can
hold current or past property owners liable