Solidion Technology Chairman and CEO Jaymes Winters Justifies Below Market Acquisition Price for Flux Power, Inc. (Nasdaq: FLUX)
PR Newswire•30/09/2026•06:45 ET
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Key Highlights
- ➤Solidion Technology (STI) intends to acquire Flux Power (FLUX)
- ➤Solidion cites a potential $4 million financing facility at Flux’s current market cap and bid price
- ➤Solidion warns proposed financing could put Flux Power (FLUX) into a “death spiral”
- ➤Solidion says its acquisition offer is superior to the alternative financing facility
Expert Statements
Jaymes Winters, Chairman and CEO of Solidion Technology
“The Board of Directors and Management of Flux Power have a fiduciary duty to protect their shareholders.”
Jaymes Winters, Chairman and CEO of Solidion Technology
“Simple math would tell you that a $4 million financing facility at Flux's current market cap and bid price would be infinitely less superior than what Solidion is offering. I therefore encourage all Flux shareholders to make themselves heard.”
Solidion Technology Chairman and CEO Jaymes Winters Justifies Below Market Acquisition Price for Flux Power, Inc. (Nasdaq: FLUX) PR Newswire
Alternative Proposed Financing Facility Would Put FLUX Into a "Death Spiral"
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