Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Reserved Shares of Common Stock for Future Issuance

The Company had reserved common shares for future issuance as follows as of March 31, 2026:


Stock options outstanding			2,565
Restricted stock units outstanding			2,465,230
Warrants outstanding			22,449,840
Series B Preferred Stock outstanding			5,957,291
Number of common shares reserved			30,874,926

Schedule of Basic and Diluted Per Share Computations for Continuing Operations

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for operations for the three months ended March 31, 2026 and March 31, 2025:


(Dollars in thousands, except shares)	Three Months Ended March 31,
	2026		2025

Numerator:
Net loss	$	(17,902)	$	(7,354)
(Less) Net income (loss) attributable to non-controlling interest	(436)		202
Net loss attributable to Soluna Holdings, Inc.	(17,466)		(7,556)
Less: Preferred dividends or deemed dividends	-		-
Less: Cumulative Preferred Dividends in arrears	(2,950)		(2,952)
Balance	$	(20,416)	$	(10,508)
Denominator:
Basic and Diluted EPS:
Common shares outstanding, beginning of period, including penny warrants and excluding restricted stock awards not vested	83,988,996		8,106,814
Weighted average common shares issued during the period including penny warrants issued and outstanding and excluding restricted stock awards not vested as of quarter-end	112,324		612,537
Denominator for basic and diluted earnings per common shares — weighted average common shares	84,101,320		8,719,351
Basic and diluted loss per share	$	(0.24)	$	(1.21)