Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 188

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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: Cumulative Preferred
    Dividends in arrears 
     (2,950) 
     (2,786) 
     (8,858) 
     (7,117)
  
    Balance 
    $(30,746) 
    $(9,976) 
    $(51,592) 
    $(30,886)
  
    Denominator: 

    Basic and Diluted EPS: 

    Common shares outstanding, beginning of period,
    including penny warrants and excluding restricted stock awards not vested 
     8,106,814  
     2,592,454  
     8,106,814  
     2,592,454 
  
    Weighted average common
    shares issued during the period including penny warrants issued and outstanding and excluding restricted stock awards not vested
    as of quarter-end 
     18,876,209  
     3,795,880  
     7,576,258  
     1,728,091 
  
    Denominator for basic
    and diluted earnings per common shares — weighted average common shares 
     26,983,023  
     6,388,335  
     15,683,072  
     4,320,546 
  
    Basic and diluted loss
    per share 
    $(1.14) 
    $(1.56) 
    $(3.29) 
    $(7.15)

The
Company notes as continuing operations was in a Net loss for the three and nine months ended September 30, 2025 and 2024, as such basic
and diluted EPS is the same balance as continuing operations acts as the control amount in which would cause antidilution. Not included
in the computation of earnings per share, assuming dilution, for the three and nine months ended September 30, 2025, were options to
purchase 2,645 shares of the Company’s common stock, 199,190 nonvested restricted stock units, and 5,582,790 outstanding warrants
not exercised which excludes penny warrants that can be potentially exercised. These potentially dilutive items were excluded because
the calculation of incremental shares resulted in an anti-dilutive effect.

Not
included in the computation of earnings per share, assuming dilution, for the three and nine months ended September 30, 2024, were options
to purchase 3,325 shares of the