Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 172

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 172
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 a response on April
10, 2025 requesting contact information for potential settlement discussions and proposing a rolling discovery schedule; as of August 14,
2025 there has not been a response on the proposed discovery schedule.

60

Additionally,
NYDIG has stated its intention to pursue the parent company of Guarantor (the “Parent Entity”) under a piercing of the corporate
veil theory relating to NYDIG Defendants’ debts and liabilities under the loan documents. Parent Entity intends to vigorously defend
itself from NYDIG’s parent company claims. Parent Entity denies any such liability and filed a complaint for a declaratory judgment
against NYDIG in the Eighth Judicial District Court in Clark County, Nevada on March 16, 2023, seeking a declaratory judgment as to such
matter. On June 22, 2023, the court issued an order granting NYDIG’s motion to dismiss without prejudice. Parent Entity intends
to continue to vigorously defend any allegations regarding liability on account of NYDIG Defendants’ debts and liabilities to NYDIG
under their loan documents.

Item
1A. Risk Factors

Part
II, Item 1A (Risk Factors) of our most recently filed Annual Report on Form 10-K with the SEC, filed on March 31, 2025, as supplemented
by Item 1A of our Form 10-Q filed with the SEC on May 15, 2025, sets forth information relating to important risks and uncertainties
that could materially adversely affect our business, financial condition and operating results. There have been no material changes to
our risk factors disclosed in our most recently filed Annual Report on Form 10-K, as supplemented by Item 1A of our Form 10-Q filed with
the SEC on May 15, 2025. Those risk factors continue to be relevant to an understanding of our business, financial condition and operating
results, however, and, accordingly, you should review and consider such risk factors in making any investment decision with respect to
our securities.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item
3. Defaults Upon Senior Securities

None

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

Rule
10b5-1 Trading Arrangements and Non-Rule 10b5-1 Trading Arrangements

During
the fiscal quarter ended June 30, 2025, none of our officers or directors, as those terms are