Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 252

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 252
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 matter. On June 22, 2023, the court issued
an order granting NYDIG’s motion to dismiss without prejudice. Parent Entity intends to continue to vigorously defend any allegations
regarding liability on account of NYDIG Defendants’ debts and liabilities to NYDIG under their loan documents.

Item 1A. Risk Factors

Part II, Item 1A (Risk Factors) of our most recently
filed Annual Report on Form 10-K with the SEC, filed on March 31, 2025, sets forth information relating to important risks and uncertainties
that could materially adversely affect our business, financial condition and operating results. There have been no material changes to
our risk factors 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