Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 107

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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 disclosed in our most recently filed Annual Report on Form 10-K. 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.

If
we fail to regain compliance with the continued listing requirements of Nasdaq, our common stock may be delisted and the price of our
common stock and our ability to access the capital markets could be negatively impacted.

Our common stock is currently
listed for trading on Nasdaq. On May 8, 2025, we received notice from The Nasdaq Stock Market LLC indicating that we are not in compliance
with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on Nasdaq (the “minimum closing bid
price requirement”). We were provided an initial compliance period of 180 calendar days from the date of the notice, or until November
4, 2025, to regain compliance with the minimum closing bid price requirement, pursuant to Nasdaq Rule 5810(c)(3)(A). We may be eligible
for an additional 180 calendar day compliance period. There can be no assurance that we will regain compliance with the minimum closing
bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance
with the other Nasdaq listing requirements.

We will continue to monitor
the closing bid price of our common stock and assess potential actions to regain compliance with the minimum closing bid price requirement
and may, if appropriate, consider and effectuate available options, including implementation of a reverse stock split of our common stock.
If we implement a reverse stock split in order to remain listed on Nasdaq, the announcement or implementation of such a reverse stock
split could negatively affect the price of our common stock.

We must regain compliance with
Nasdaq’s minimum closing bid price requirement of $1.00 per share (and must continue to maintain compliance with Nasdaq’s
other continued listing requirements), or risk delisting, which could have a material adverse effect on our business. If our common stock
is delisted from Nasdaq, it could materially reduce the liquidity of our common stock and result in a corresponding material reduction
in the price of our common stock as a result of the loss of market efficiencies associated with Nasdaq and the loss of federal preemption
of state securities laws. In addition, delisting could harm our