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 Power (FLUX) fiscal 2026 revenue fell approximately 37% to $42.1 million
- ➤Flux Power (FLUX) reported $6.5 million operating loss and $7.4 million net loss
- ➤Gibraltar requires Flux Power (FLUX) to raise at least $4 million within 50 days
- ➤Flux Power (FLUX) ended fiscal 2026 with approximately $0.3 million cash
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.