Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 962

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 962
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    restricted stock awards and 185,421 restricted Series A preferred stock awards.

74

Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Securities
Authorized for Issuance Under Equity Compensation Plans

The
following table presents certain information as of December 31, 2024, with respect to the Soluna Holdings, Inc. Third Amended and Restated
2021 Stock Incentive Plan (the “2021 Plan”) and the Soluna Holdings, Inc. Amended and Restated 2023 Stock Incentive Plan
(the “2023 Plan”, together with the 2021 Plan, the “Plans”), under which equity securities of the Company are
authorized for issuance:

    Plan Category 
    Number of securities to be issued upon exercise of outstanding options, warrants and rights(1) (a)  
    Weighted average exercise price of outstanding options, warrants and rights (b)  
    Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) 
  
    Equity compensation plans approved by security holders 
     213,557  
    $0.35  
     418,476(2)
  
    Equity compensation plans not approved by security holders 
     -  
     -  
     - 

    (1)
    The
    securities available under the Plans for issuance and issuable pursuant to exercises of outstanding options may be adjusted in the
    event of a change in outstanding stock by reason of stock dividend, stock splits, reverse stock splits, etc.

    (2)
    On
    the first trading day of each quarter commencing January 1, 2023 and continuing through the fiscal year ending December 31, 2024,
    the number of shares of our Common Stock reserved for issuance under the 2021 Plan increased by 18.75% of the number of shares of
    Common Stock outstanding on such date, and on the first trading day of each quarter commencing January 1, 2025 and continuing through
    the second quarter of the fiscal year ending December 31, 2027, the number of shares of our Common Stock reserved for issuance under
    the 2021 Plan shall increase by 22.75% of the number of shares of Common Stock outstanding on such date. From the first trading day
    of each quarter commencing July 1, 2027