Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1617

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1617
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determine whether profits interest and similar awards should be accounted for as a share-based payment arrangement (ASC 718) or as a
cash bonus or profit-sharing arrangement (ASC 710, Compensation—General, or other guidance) and applies to all reporting
entities that account for profits interest awards as compensation to employees or non-employees. In addition to adding the illustrative
guidance, ASU 2024-01 modified the language in paragraph 718-10-15-3 to improve its clarity and operability without changing the guidance.
ASU 2024-01 is effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after
December 15, 2025. Early adoption is permitted. The amendments should be applied either retrospectively to all prior periods presented
in the financial statements, or prospectively to profits interests and similar awards granted or modified on or after the adoption date.
The Company is currently assessing the impacts of adopting ASU 2024-01 on the Consolidated Financial Statements and disclosures.

     F-18 

Improvements
to Comprehensive Income- Expense Disaggregation

In
December 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40) (“ASU 2024-03”). ASU 2024-03 requires, in the notes to the financial statements, disclosures of specified
information about certain costs and expenses specified in the updated guidance. ASU 2024-03 is effective for annual reporting periods
beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The
Company is evaluating the impact the updated guidance will have on its disclosures.

Debt
with Conversion and Other Options

In
December 2024, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2024-04, Debt - Debt with Conversion and
Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments. ASU 2024-04 clarifies the requirements for
determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion to improve relevance
and consistency. The new standard is effective for the Company for its annual periods beginning after December 15, 2025 and interim periods
within those annual reporting