Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 2357

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 2357
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 basis and the Company matches employee
contributions, on a discretionary basis, currently in an amount equal to 100% of the first 3% and 50% of the next 2% of the employee’s
salary, subject to annual tax deduction limitations. Effective January 1, 2017, Company matching contributions are vested immediately.
Company matching contributions were approximately $200 thousand and $176 thousand, for the years ended December 31, 2024 and 2023. The
Company may also make additional discretionary contributions in amounts as determined by management and the Board of Directors. There
were no additional discretionary contributions by the Company for the years 2024 or 2023.

11. Net (loss) income per Share

The
following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for
continuing operations for the years ended December 31:

 Schedule of Basic and Diluted Per Share Computations for Continuing Operations

    2024  
    2023 

    (Dollars in thousands, except shares) 

    2024  
    2023 

    Numerator: 

    Net loss 
    $(58,300) 
    $(27,703)
  
    (Less) Net income (loss) attributable to non-controlling interest 
     5,034  
     1,498 
  
    Net loss attributable to Soluna Holdings, Inc. 
     (63,334) 
     (29,201)
  
    Less: Preferred dividends or deemed dividends 
     (2,153) 
     (421)
  
    Less: Cumulative Preferred Dividends in arrears 
     (10,844) 
     (6,888)
  
    Balance 
    $(76,331) 
    $(36,510)
  
    Denominator: 

    Basic and Diluted EPS: 

    Common shares outstanding, beginning of period, including penny warrants 
     2,592,454  
     747,837 
  
    Weighted average common shares issued during the period including penny warrants issued and outstanding as of quarter-end 
     3,688,461  
     565,881 
  
    Denominator for basic earnings per common shares — 
     6,280,915  
     1,313,718 
  
    Weighted average common shares 
     (12