Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 274

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 274
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 to the approval of the Lender
and the Agent, for project-level financing of eligible projects. On September 12, 2025, the Borrowers borrowed approximately $12.6 million
under the Credit Agreement, comprised of Tranche A-1 loans and Tranche A-3 loans. The Company can draw upon Tranche B from September
12, 2025 until October 31, 2026, subject to the conditions set forth in the Credit Agreement. The maturity date for the Tranche A and
Tranche B loans is the earlier of (i) payment of outstanding principal, interest, and fees and (ii) September 12, 2030. Additional Tranche
Loan Commitments will have maturity dates as set forth in their respective amendments to the Credit Agreement. As
of September 30, 2025, the outstanding principal balance is approximately $12.6 million.

66

Critical
Accounting Policies and Significant Judgments and Estimates

The
above discussion and analysis of our financial condition and results of operations is based upon our consolidated financial statements,
which have been prepared in accordance with accounting principles generally accepted in the United States of America. Note 2, Accounting
Policies, to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2024 includes a
summary of our most significant accounting policies. There have been no material changes to the critical accounting policies previously
disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024. The preparation of these condensed consolidated financial
statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses,
and related disclosure of assets and liabilities. On an ongoing basis, we evaluate our estimates and judgments, including those related
to revenue recognition, income taxes, fair value measurements, and stock-based compensation. We base our estimates on historical experience
and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments
about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from
these estimates under different assumptions or conditions. Periodically, our management reviews our critical accounting estimates with
the Audit Committee of our Board of Directors.

Statement
Concerning Forward-Looking Statements

This
Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of