Solidion Technology Chairman and CEO Jaymes Winters Justifies Below Market Acquisition Price for Flux Power, Inc. (Nasdaq: FLUX)

Solidion Technology (NASDAQ: STI) announced its intent to pursue an acquisition of Flux Power Holdings and issued an open letter to shareholders.

Rhea-AI Summary

Solidion Technology (NASDAQ: STI) announced its intent to pursue an acquisition of Flux Power Holdings and issued an open letter to shareholders. The potential business combination involves Flux Power (NASDAQ: FLUX), but the letter is not a legally binding offer, commitment or obligation by either party.

A binding obligation to proceed would require a fully executed definitive written acquisition agreement. Any proposed transaction would be subject to due diligence, financing considerations, required approvals and applicable legal and regulatory requirements. There is no assurance that an agreement will be signed or that a transaction will begin or close. Solidion expects to file applicable materials with the U.S. Securities and Exchange Commission if and when a transaction begins.

1 point · 0 major

MixediHow this balance works

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Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Solidion plans to pursue a potential acquisition of Flux Power Holdings.

Negative

• Moderate pointAcquisition proposal is not legally binding; proceeding requires a fully executed definitive written agreement.
• Minor pointProposed acquisition remains subject to due diligence, financing considerations and required approvals.

Argus Sep 30 session 14 alerts

-0.11% close to close 423.7x rel. volume Open Argus

Details

News Market Reaction – FLUX

+24.2% Peak Tracked

-9.5% Trough Tracked

$12.75M Market Cap

On Sep 30, the day this news came out, FLUX closed 0.11% below the previous close. Argus tracked a peak move of +24.2% during that session. Argus tracked a trough of -9.5% from its starting point during tracking. Our momentum scanner recorded 14 alerts for this stock that day. Relative volume reached 423.7x the daily average during tracking.

Data tracked by StockTitan Argus for the Sep 30 session.

Key Figures

Alternative financing facility: $4 million

Alternative financing facility

$4 million

Hypothetical alternative cited by Solidion; the article says no binding offer or commitment exists

Key Terms

fiduciary duty, registration statement, tender offer statement, prospectus

4 terms

fiduciary duty regulatory

"have a fiduciary duty to protect their shareholders"

Fiduciary duty is the legal and ethical obligation of someone who manages money or makes decisions on behalf of others to act honestly, loyally, and in the best financial interest of those people. Think of it like a trusted guardian managing a household budget who must put the family's needs ahead of their own; for investors, it reduces the risk of conflicts of interest, mismanagement, or self-dealing and helps protect their assets and returns.

registration statement regulatory

"proxy statement, registration statement, tender offer statement, prospectus"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

tender offer statement regulatory

"proxy statement, registration statement, tender offer statement, prospectus"

A tender offer statement is the formal document that explains the details of a public proposal to buy shareholders’ stock at a specific price and under set conditions. It lists who is making the offer, the price and timing, how the purchase will be funded, and any conditions or risks, so shareholders can decide whether to sell. Think of it as a clear flyer for a buyout that tells investors what’s being offered and why it matters to their holdings.

prospectus regulatory

"proxy statement, registration statement, tender offer statement, prospectus"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

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Alternative Proposed Financing Facility Would Put FLUX Into a "Death Spiral"

DALLAS, Sept. 30, 2026 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI) ("Solidion Technology" or "the Company"), an advanced battery technology solutions provider, today announced its intent to pursue the acquisition of Flux Power Holdings, Inc. (NASDAQ: FLUX) ("Flux Power" or "Flux") and issued an open letter to FLUX shareholders regarding the proposed transaction.

Solidion has significant concerns about any proposed financing arrangements that Flux Power would enter into within the next 60 days, given their stock price and trading volume.

"The Board of Directors and Management of Flux Power have a fiduciary duty to protect their shareholders," said Jaymes Winters, Chairman and CEO of Solidion Technology. "Simple math would tell you that a $4 million financing facility at Flux's current market cap and bid price would be infinitely less superior than what Solidion is offering. I therefore encourage all Flux shareholders to make themselves heard."

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion's (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems, including UPS systems serving the artificial intelligence (AI) data center market and electric vehicles for ground, aerospace, and sea transportation. Solidion holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane gas free and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

For more information, please visit www.solidiontech.com or contact Investor Relations.

Important Information Regarding the Proposed Transaction

Solidion has expressed its interest in pursuing a potential acquisition of Flux Power Holdings, Inc. No assurance can be given that a definitive agreement will be entered into or that any transaction will ultimately be commenced or consummated. This letter is not a legally binding obligation, offer, or commitment by either party. No past, present, or future expression of intent, proposal, discussion, or course of conduct shall give rise to any legally binding contract or obligation to proceed with or close the proposed transaction unless and until a definitive written acquisition agreement has been fully executed. Any proposed transaction would be subject to applicable legal and regulatory requirements, the completion of due diligence, financing considerations, required approvals and other customary conditions.

This communication is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell any securities. Additionally, this communication does not constitute an offer to buy or solicitation of an offer to sell any securities. This communication relates to a proposal which Solidion has made for a business combination transaction with Flux. This communication is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document the parties may file with the SEC in connection with the proposed transaction. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. If and when a transaction is commenced, Solidion expects to file applicable materials with the U.S. Securities and Exchange Commission. Investors and security holders are urged to read such materials carefully and in their entirety when and if they become available because they will contain important information.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the "Company," "Solidion," "we," "our" or "us") desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

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SOURCE Solidion Technology, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Is Solidion Technology's proposed acquisition of Flux Power a binding agreement?

No. The letter is not a legally binding offer, commitment or obligation by either party. A binding obligation to proceed with or close the proposed acquisition would require a fully executed definitive written acquisition agreement.

What conditions apply to Solidion Technology's proposed Flux Power acquisition?

The proposed transaction would be subject to due diligence, financing considerations, required approvals and applicable legal and regulatory requirements, along with other customary conditions. There is no assurance that a definitive agreement will be signed or that the transaction will begin or close.