Solidion Technology reaffirms final below‑market offer for Flux Power after board rejection
Solidion Technology (NASDAQ: STI) said it will not raise its acquisition proposal for Flux Power Holdings (NASDAQ: FLUX) despite the target's board rejecting the bid. CEO Jaymes Winters stated the offer already reflects the capital and execution needed to stabilise Flux, which requires at least $10 million of fresh funding. Solidion warned that Flux faces NASDAQ compliance pressure after its share price fell below $1.00 for 30 consecutive days, triggering a 180‑day cure period.
Why it matters
The unchanged bid leaves Flux Power without a clear path to the capital it needs, increasing the risk of further dilution or a forced reverse split that could cut the share price by 20‑40%. Solidion’s stance also signals to investors that the transaction remains uncertain and may not close.
Key facts
- 1Solidion Technology will not increase its acquisition proposal for Flux Power. prnewswire.com
- 2Flux Power requires at least $10 million in fresh capital to meet its objectives. prnewswire.com
- 3Flux Power received a NASDAQ notice on July 24, 2026 that its common stock closed below $1.00 for 30 consecutive business days. prnewswire.com
- 4The NASDAQ notice provides a 180‑day period for Flux Power to regain compliance. prnewswire.com
- 5Historical post‑reverse‑split price declines have ranged from 20‑40%. prnewswire.com
- 6Solidion described its offer as best and final. investing.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.