Solidion Technology (NASDAQ: STI) Remains Firm on Flux Power (NASDAQ: FLUX) Below Market Offer in Response to Flux Board Rejection
PR Newswire•05/10/2026•06:00 ET
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Key Highlights
- ➤Solidion (STI) holds its best-and-final offer after Flux Power (FLUX) board rejection
- ➤Flux Power requires at minimum $10 million in fresh capital, Solidion says
- ➤Flux Power faces NASDAQ pressure after 30 consecutive sessions below the $1.00 bid minimum
- ➤Solidion says distressed financing could cause highly dilutive equity issuance for Flux shareholders
- ➤Solidion says tariff exposure and macroeconomic uncertainty continue to threaten Flux Power’s turnaround
Expert Statements
Jaymes Winters, Chairman and CEO of Solidion Technology
“Solidion strongly disagrees with the Flux Power Board's assertion that its proposal 'significantly undervalues' the company”
Jaymes Winters, Chairman and CEO of Solidion Technology
“This offer takes into account the capital and execution required to stabilize the business, and Solidion has no intention of increasing its offer at this time.”
Jaymes Winters, Chairman and CEO of Solidion Technology
“Solidion is and always will be an opportunistic acquirer of companies it believes will complement and amplify its existing technology.”
Jaymes Winters, Chairman and CEO of Solidion Technology
“In doing so, we will be resolute custodians of our shareholder value and not seek opportunities that are overpriced, beyond repair or not related to Solidion's growth strategy.”
Jaymes Winters, Chairman and CEO of Solidion Technology
“We will continue to pursue other prospects in parallel with FLUX.”
Solidion Technology (NASDAQ: STI) Remains Firm on Flux Power (NASDAQ: FLUX) Below Market Offer in Response to Flux Board Rejection PR Newswire
Sees no Basis to Increase Its Offer as Flux Power Continues to Face Highly Dilutive Financing Requirements, Regulatory Issues, and Default Risk
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