Solidion Technology Announces Closing of $35 Million Private Placement of Common Stock Priced Above Market Under Nasdaq Rules
Rhea-AI Summary
Solidion Technology (NASDAQ: STI) closed a $35 million private placement of 2,333,000 shares of common stock (or equivalents) priced above market under Nasdaq rules. According to Solidion, proceeds are expected to fully fund operations through 2028 and accelerate commercialization of its patented Extreme-Climate Battery technology.
Funds will support customer demand, inventory expansion, prototype development and testing, and general corporate purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- $35 million gross proceeds from private placement
- Funding expected to fully support operations through 2028
- Capital allocated to commercialize Extreme-Climate Battery technology
Negative
- Issuance of 2,333,000 new shares dilutes existing shareholders
News Market Reaction – STI
On the day this news was published, STI declined 6.38%, reflecting a notable negative market reaction. Argus tracked a peak move of +29.3% during that session. Argus tracked a trough of -16.1% from its starting point during tracking. Our momentum scanner triggered 62 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $16M from the company's valuation, bringing the market cap to $232.21M at that time.
Data tracked by StockTitan Argus on the day of publication.
Proceeds fully fund the company through 2028 and will be used to accelerate commercialization of Solidion’s patented Extreme-Climate Battery Technology targeting the Lunar economy and space applications
DALLAS, June 10, 2026 (GLOBE NEWSWIRE) -- Solidion Technology Inc. ("Solidion" or the "Company") (NASDAQ: STI), an advanced battery technology solutions provider, today announced that it has closed its previously announced private placement of 2,333,000 shares of common stock (or common stock equivalents) priced above market under Nasdaq rules. The offering resulted in gross proceeds of
The Company intends to use the net proceeds from the offering to support the commercialization of its patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance the building and testing of prototypes, and for working capital and general corporate purposes.
“This financing further validates the market's growing recognition of Solidion's technology platform and strategic positioning,” said Jaymes Winters, Chief Executive Officer of Solidion Technology. “Our patented Extreme-Climate Battery technology and broader portfolio of next-generation energy storage solutions position Solidion at the forefront of several rapidly emerging market opportunities. With more than two years of runway following this financing, we are fully funded to advance commercialization and drive battery technology innovation.”
Titan Partners, a division of American Capital Partners, acted as the sole placement agent for the offering.
The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Solidion Technology, Inc.
Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion Technology (NASDAQ: STI) is an advanced battery technology solutions provider focused on manufacturing next-generation battery materials and components, and developing high-performance batteries for energy storage, including UPS systems serving the AI data center market, electric vehicles, and aerospace applications. The Company holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane-gas-free and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies.
For more information, please visit www.solidiontech.com or contact Investor Relations at ir@solidiontech.com.
Cautionary Note Regarding 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.
