Solidion Technology Announces Stock Buyback Program

Solidion Technology Inc. (STI) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Private Placement Eliminates Balance Sheet Overhang and Alleviates Previously Disclosed Going Concern Doubt DALLAS, Aug. 6, 2026 /PRNewswire/ -- Solidion Technology Inc. (“Solidion” or the “Company”) (Nasdaq: STI), an advanced battery technology solutions provider, t

Solidion Technology (Nasdaq: STI) reported Q2 2026 results, citing a $35 million private placement that it says eliminated going-concern doubt. Cash rose to $27.7 million at June 30, 2026 from $0.2 million at Dec. 31, 2025. Revenue was $124,914 from government grants and product deliveries. Net loss was $2.9 million ($0.35/share).

Solidion Technology (NASDAQ: STI) said it closed a $35 million private placement of 2,333,000 shares of common stock priced above market under Nasdaq rules. The company will use net proceeds to fund commercialization of its Extreme-Climate Battery technology, meet customer demand, expand inventory, advance prototypes, and for working capital. Titan Partners acted as sole placement agent.

Solidion Technology Inc. (Nasdaq: STI) said it withdrew a previously filed Form S-1 registration statement with the U.S. SEC. The company attributed the decision to a review of current market conditions and deal terms, adding it does not reflect changes to its business outlook, strategy, or confidence in asset value.

Solidion Technology (NASDAQ:STI) said it received seven new U.S. patents covering its silicon anode materials, bringing its U.S. anode-material patent portfolio to 130. The company said its silane-free, porous graphene ball process can hold up to 90% silicon and targets safety, cost, and supply issues. The patent update follows a $35 million private placement; Solidion plans to sell 2,333,000 shares priced above market under Nasdaq rules, with proceeds funding operations through 2028.

Solidion Technology (NASDAQ: STI) said it will sell 2,333,000 shares of common stock (or equivalents) in a private placement to a new institutional investor at a price above market under Nasdaq rules. Gross proceeds are expected to total $35 million, with closing on or about June 9, 2026. The company plans to use net proceeds to fund commercialization, prototypes, customer demand, inventory, and working capital.