Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1145

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1145
---
, which is published on our website at https://www.solunacomputing.com/investors/governance/.
The Audit Committee consists of Messrs. Marusak (Chair), Hirshfield, Phelan, and Bottomley. The Board has determined that each member
of the Audit Committee is independent, as defined under the applicable rules and listing standards of Nasdaq and SEC rules and regulations.
In addition, the Board has determined that Mr. Marusak qualifies as an “audit committee financial expert” as defined in the
rules and regulations of the SEC.

The
Audit Committee’s primary function is to assist the Board in fulfilling its oversight responsibilities by reviewing the financial
information to be provided to the stockholders and others, the system of internal controls which management has established and the audit
and financial reporting process. The Audit Committee, among other matters, 1) is responsible for the annual appointment of, and for compensating,
retaining, overseeing, ensuring independence of, and, where appropriate, replacing, the independent registered public accounting firm
as the Company’s auditors, 2) reviews the arrangements for and the results of the auditors’ examination of our books and
records, and 3) assists the Board in its oversight of the reliability and integrity of the Company’s accounting policies, financial
statements and financial reporting, and disclosure practices, including its system of internal controls, 4) the establishment and maintenance
of processes to assure compliance with all relevant laws, regulations, and company policies, 5) is responsible for the Company’s
policies with respect to risk assessment and risk management pertaining to the financial, accounting and tax matters of the Company,
and 6) reviews annually the adequacy of the charter of the Audit Committee and recommends changes to the Board that it considers necessary
or appropriate.

67

Nominating
and Corporate Governance Committee

The
Board has adopted a Nominating and Corporate Governance Committee charter, which is published on our website at https://www.solunacomputing.com/investors/governance/.
The Nominating and Corporate Governance Committee consists of Messrs. Hirshfield (Chairman), Hazelip and Marusak. The Board has determined
that each member of the Nominating and Corporate Governance Committee is independent, as defined under the applicable rules and listing
standards of Nasdaq.

The
role of the Nominating and Corporate Governance Committee is to assist the Board by: 1) identifying, evaluating, and recommending the