Solidion Technology Issues Open Letter to Flux Power Inc. (NASDAQ: FLUX) Shareholders
PR Newswire•30/09/2026•06:00 ET
0
Key Highlights
- ➤Solidion Technology (STI) intends to acquire Flux Power (FLUX) in an all-cash deal
- ➤Flux fiscal 2026 revenue fell approximately 37% to $42.1 million
- ➤Flux reported $6.5 million operating loss and $7.4 million net loss
- ➤Gibraltar requires Flux to raise at least $4 million equity within 50 days
- ➤Flux auditor raised substantial doubt about its ability to continue as a going concern
Expert Statements
Jaymes Winters, Chairman and CEO of Solidion Technology
“Solidion remains prepared to engage constructively with Flux's Board and management and believes Flux shareholders deserve the opportunity to choose between money now and little or no money later.”
Solidion Technology Issues Open Letter to Flux Power Inc. (NASDAQ: FLUX) Shareholders PR Newswire
Solidion Proposes to Acquire Flux Power Inc. in All Cash Deal but Faces Resistance from Flux Management and Board of Directors
Get started
Create a free account to read the full story.