Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 40

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 40
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 hurt our business, financial condition,
and results of operations.

Our performance largely depends on the talents, knowledge,
skills, know-how and efforts of highly skilled individuals Our future success depends on our continuing ability to identify, hire, develop,
motivate, and retain highly skilled personnel for all areas of our organization. Our continued ability to compete effectively depends on
our ability to attract, among others, new technology developers and to retain and motivate our existing contractors. If one or more of
our key personnel are unable or unwilling to continue in their present positions, we may not be able to replace them readily, if at all.
In such cases, our business may be severely disrupted, and we may incur additional expenses to recruit and retain new officers or other
key personnel. In addition, if any of our executives or key personnel joins a competitor or forms a competing company, we may lose customers.

In addition, we compete with other businesses in our
industries and other similar employers to attract and retain qualified personnel with the technical skills and experience required to
successfully operate our businesses. The demand for skilled workers is high and the supply is limited, and a shortage in the labor pool
of skilled workers or other general inflationary pressures or changes in applicable laws and regulations could make it more difficult
for us to attract and retain personnel and could require us to enhance our wage and benefits packages, which could increase our operating
costs.

Insiders continue to have substantial control
over the Company.

As of December 31, 2024, the Company’s directors
and executive officers held the current right to vote approximately 28% of the Company’s outstanding voting stock. In addition,
the Company’s directors and executive officers have the right to acquire additional shares of our common stock by exercising their
equity awards under our equity compensation plans, which could increase their voting percentage significantly. As a result, many of the
Company’s officers and directors acting together, may have the ability to exert significant control over the Company’s decisions
and control the management and affairs of the Company, and also to determine the outcome of matters submitted to stockholders for approval,
including the election or removal of a director, and any merger, consolidation, or sale of all or substantially all of the Company’s
assets. Accordingly, this concentration of ownership may harm the future market prices of our securities by:

●delaying, deferring, or preventing a change in control of the
Company;

●impeding a merger, consolidation, takeover, or other business
combination