Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 219

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 219
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 dividends 
     (2,153) 
     (421)
  
    Less: Cumulative Preferred Dividends in arrears 
     (10,844) 
     (6,888)
  
    Balance 
    $(76,331) 
    $(36,510)
  
    Denominator: 

    Basic and Diluted EPS: 

    Common shares outstanding, beginning of period, including penny warrants 
     2,592,454  
     747,837 
  
    Weighted average common shares issued during the period including penny warrants issued and outstanding as of quarter-end 
     3,688,461  
     565,881 
  
    Denominator for basic earnings per common shares — 
     6,280,915  
     1,313,718 
  
    Weighted average common shares 
     (12.15) 
     (27.79)

     F-30 

The
Company notes as continuing operations was in a net loss for the years ended December 31, 2024 and 2023, as such basic and diluted EPS
is the same balance as continuing operations acts as the control amount which would cause antidilution. Not included in the computation
of earnings per share, assuming dilution, for the year ended December 31, 2024, were options to purchase 3,245 shares of the Company’s
common stock, 210,312 nonvested restricted stock units, and 2,793,798 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 year ended December 31, 2023, were options to purchase
52,393 shares of the Company’s common stock, 9,612 nonvested restricted stock units, 1,148,269 outstanding warrants not exercised.

12. Stock Based Compensation

Stock-based
incentive awards are provided to employees and directors under the terms of the Company’s 2012 Equity Incentive Plan (the “2012
Plan”), which was amended and restated as of October 20, 2016, the 2014 Equity Incentive Plan (the “2014 Plan”), the
2021 Stock Incentive Plan (the “2021 Plan”), which