Company: SLNH
Filing Date: 2025-07-09
Form Type: PRE 14A
Source: 0001641172-25-018420
Chunk: 32

Company: Soluna Holdings, Inc
Filing Date: 2025-07-09
Form: PRE 14A
Chunk 32
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1. | The                                                                                                                                   
 Audit Committee has reviewed and discussed with management the audited financial statements for the Company for the fiscal year ended 
 December 31, 2024.                                                                                                                    |
|:---|:--------------------------------------------------------------------------------------------------------------------------------------|
| 2. | The                                                                                                                                   
 Audit Committee has discussed with representatives of UHY LLP, the independent public accounting firm, the matters required to be     
 discussed by the applicable requirements of the Public Company Accounting Oversight Board (“PCAOB”) and the Securities                
 and Exchange Commission.                                                                                                              |
| 3. | The                                                                                                                                   
 Audit Committee has discussed with UHY LLP, the independent public accounting firm, the auditors’ independence from management        
 and the Company has received the written disclosures and the letter from the independent auditors required by applicable requirements 
 of the PCAOB.                                                                                                                         |

In addition, the Audit Committee considered whether the provision of non-audit services by UHY LLP is compatible with maintaining its independence. In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board (and the Board has approved) that the audited financial statements be included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 for filing with the Securities and Exchange Commission.

Audit Committee of Soluna Holdings, Inc.

Thomas J. Marusak (Chairman)

Edward R. Hirshfield

William P. Phelan

John Bottomley

| * | The                                                                                          
 foregoing report of the Audit Committee is not to be deemed “soliciting material”            
 or deemed to be “filed” with the Securities and Exchange Commission (irrespective            
 of any general incorporation language in any document filed with the Securities and Exchange 
 Commission) or subject to Regulation 14A of the Securities Exchange Act of 1934, as amended, 
 or to the liabilities of Section 18 of the Securities Exchange Act of 1934, except to the    
 extent we specifically incorporate it by reference into a document filed with the Securities 
 and Exchange Commission.                                                                     |

| 23 |

<div align='center'>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

Security Ownership of Certain Beneficial Owners and Management

The following table sets forth certain information regarding shares of common stock beneficially owned as of June 30, 2025, for (i) each stockholder known to be the beneficial owner of more than 5% of our outstanding shares of common stock, (ii) each named