Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1840

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1840
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    Warrants outstanding 
     2,793,798 
  
    Common stock available for future equity awards or issuance of options 
     418,476 
  
    Number of common shares reserved 
     3,425,831 

The
Company also notes that as of December 31, 2024, there are 14,888 Series A preferred stock available for future equity awards under the
2021 Plan.

10. Retirement Plan

The
Company maintains a voluntary savings and retirement plan under IRC Section 401(k) covering substantially all employees. Employees must
complete six months of service and have attained the age of twenty-one prior to becoming eligible for participation in the plan. The
Company plan allows eligible employees to contribute a percentage of their compensation on a pre-tax basis and the Company matches employee
contributions, on a discretionary basis, currently in an amount equal to 100% of the first 3% and 50% of the next 2% of the employee’s
salary, subject to annual tax deduction limitations. Effective January 1, 2017, Company matching contributions are vested immediately.
Company matching contributions were approximately $200 thousand and $176 thousand, for the years ended December 31, 2024 and 2023. The
Company may also make additional discretionary contributions in amounts as determined by management and the Board of Directors. There
were no additional discretionary contributions by the Company for the years 2024 or 2023.

11. Net (loss) income per Share

The
following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for
continuing operations for the years ended December 31:

 Schedule of Basic and Diluted Per Share Computations for Continuing Operations

    2024  
    2023 

    (Dollars in thousands, except shares) 

    2024  
    2023 

    Numerator: 

    Net loss 
    $(58,300) 
    $(27,703)
  
    (Less) Net income (loss) attributable to non-controlling interest 
     5,034  
     1,498 
  
    Net loss attributable to Soluna Holdings, Inc. 
     (63,334) 
     (29,201)
  
    Less: Preferred dividends or deemed dividends 
     (2,153) 
     (421)
  
    Less: Cumulative Preferred Divid