Flux Power Rejects Unsolicited Proposal from Solidion Technology, Inc.
Key Highlights
- ➤Flux Power (FLUX) board unanimously rejects Solidion Technology (STI) acquisition proposal
- ➤Board says Solidion’s unsolicited proposal substantially undervalues Flux Power
- ➤Q4 FY2026 operating expenses fell 33% year over year
- ➤Flux Power certified with a new major OEM, expanding its addressable market
- ➤Flux Power is evaluating financing paths and strategic partnerships
VISTA, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX) (“Flux Power” or the “Company”), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today announced that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding acquisition proposal (the “Proposal”) announced by Solidion Technology, Inc. (NASDAQ: STI) (“Solidion”) on September 30, 2026.
We can appreciate why there is interest by Solidion in acquiring the Company. However, after a comprehensive review, conducted in consultation with its legal advisors, the Board concluded that the Proposal substantially undervalues Flux Power and is not in the best interests of the Company and its shareholders.
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