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) says its Flux Power (FLUX) acquisition offer is best and final
- ➤Solidion declines to increase its below-market offer after Flux board rejection
- ➤Solidion says Flux requires at least $10 million in fresh capital
- ➤Flux faces NASDAQ compliance pressure after trading below $1 for 30 consecutive days
- ➤Solidion warns distressed financing could substantially dilute Flux shareholders
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”
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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