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Solidion Technology (STI) investor discloses 41% stake and lock-up deal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Solidion Technology Inc. shareholder Henry Ikezi and his affiliated entities filed an amended Schedule 13D updating their ownership and recent warrant-related activity. Mr. Ikezi reports beneficial ownership of 3,293,276 shares of common stock, representing 41.4% of the company, based on an assumed 7,959,720 shares outstanding.

The filing details that Madison Bond LLC, Bayside Project LLC and FUN Investment Homes LLC together hold significant positions, including Madison with 2,544,329 shares (32.0%), Bayside with 511,310 shares (6.4%) and FUN with 237,637 shares (3.0%). These amounts reflect the conversion of Series C and Series D warrants into 3,447,957 conversion shares and the exercise of residual warrants for 214,037 shares.

The amendment also reports multiple open-market purchases and sales in June 2026 carried out to meet liquidity needs, an internal transfer of 214,037 shares among entities controlled by Mr. Ikezi, and a lock-up letter agreement under which Mr. Ikezi agreed not to dispose of most holdings until 45 days after a new registration statement becomes effective.

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Ikezi beneficial ownership 3,293,276 shares (41.4%) Common stock based on 7,959,720 shares assumed outstanding
Madison Bond LLC holdings 2,544,329 shares (32.0%) Beneficial ownership of Solidion common stock
Bayside Project LLC holdings 511,310 shares (6.4%) Beneficial ownership of Solidion common stock
FUN Investment Homes LLC holdings 237,637 shares (3.0%) Beneficial ownership of Solidion common stock
Assumed shares outstanding 7,959,720 shares 7,745,683 outstanding plus 214,037 warrant shares
Conversion Shares 3,447,957 shares Shares issued upon conversion of Series C and D warrants
Residual Warrant Shares 214,037 shares FUN’s exercise and conversion of residual warrants
Bayside major sale 188,951 shares at $23.4305 Weighted average price in open-market transactions on June 4, 2026
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Residual Warrants financial
"FUN acquired the Residual Warrants as a PIPE investor in connection with the closing"
PIPE investor financial
"FUN acquired the Residual Warrants as a PIPE investor in connection with the closing"
A pipe investor is a buyer who provides money to a publicly traded company through a private placement of shares or convertible securities, often called a PIPE (Private Investment in Public Equity). They act like a private lender stepping in to quickly fund a public company, and their participation can signal confidence or cause dilution for existing shareholders, so investors watch PIPE deals to assess short-term cash needs, ownership changes, and potential share-price impact.
deSPAC business combination financial
"FUN acquired the Residual Warrants as a PIPE investor in connection with the closing of the Issuer's deSPAC business combination"
lock-up letter agreement financial
"On June 7, 2026, Mr. Ikezi entered into a lock-up letter agreement with the Issuer"
Registration Statement regulatory
"sold 188,951 shares of Common Stock in open market transactions pursuant to the Company's Registration Statement"
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.
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Learn about SEC filing dates





834212102

(CUSIP Number)
Henry Ikezi
2 Penn Plaza 31st Floor,
New York, NY, 10121
(347) 898-1819

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/04/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13: This calculation is based on 7,745,683 shares of Common Stock outstanding as reported by the Issuer in its preliminary registration statement on Form S-1 (File No. 333-293402) as filed with the SEC on April 17, 2026, plus 214,037 shares of Common Stock issued upon exercise or conversion of the Residual Warrants, for an assumed total of 7,959,720 shares outstanding.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13: This calculation is based on 7,745,683 shares of Common Stock outstanding as reported by the Issuer in its preliminary registration statement on Form S-1 (File No. 333-293402) as filed with the SEC on April 17, 2026, plus 214,037 shares of Common Stock issued upon exercise or conversion of the Residual Warrants, for an assumed total of 7,959,720 shares outstanding.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13: This calculation is based on 7,745,683 shares of Common Stock outstanding as reported by the Issuer in its preliminary registration statement on Form S-1 (File No. 333-293402) as filed with the SEC on April 17, 2026, plus 214,037 shares of Common Stock issued upon exercise or conversion of the 246,664 Series A warrants exercisable for 214,037 shares of Common Stock (the Residual Warrants), for an assumed total of 7,959,720 shares outstanding.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13: This calculation is based on 7,745,683 shares of Common Stock outstanding as reported by the Issuer in its preliminary registration statement on Form S-1 (File No. 333-293402) as filed with the SEC on April 17, 2026, plus 214,037 shares of Common Stock issued upon exercise or conversion of the Residual Warrants, for an assumed total of 7,959,720 shares outstanding.


SCHEDULE 13D


Ikezi Henry
Signature:/s/ Henry Ikezi
Name/Title:Henry Ikezi
Date:06/11/2026
Bayside Project LLC
Signature:/s/ Henry Ikezi
Name/Title:Henry Ikezi/Manager
Date:06/11/2026
Madison Bond LLC
Signature:/s/ Henry Ikezi
Name/Title:Henry Ikezi/Manager of FUN Investment Homes, LLC, Manager of Madison Bond LLC
Date:06/11/2026
FUN Investment Homes LLC
Signature:/s/ Henry Ikezi
Name/Title:Henry Ikezi/Manager
Date:06/11/2026

FAQ

What ownership stake in Solidion Technology Inc. does Henry Ikezi report?

Henry Ikezi reports beneficial ownership of 3,293,276 Solidion Technology shares, representing 41.4% of the common stock. This percentage is based on an assumed total of 7,959,720 shares outstanding, including shares issued upon warrant exercises and conversions.

How many Solidion Technology shares do Madison, Bayside and FUN each hold?

Madison Bond LLC holds 2,544,329 Solidion shares (32.0%), Bayside Project LLC holds 511,310 shares (6.4%) and FUN Investment Homes LLC holds 237,637 shares (3.0%). These positions are calculated using an assumed 7,959,720 shares of common stock outstanding.

What recent Solidion share trades by Bayside Project LLC are described?

Bayside bought 1,000 Solidion shares at $4.85 and 23,000 shares at a weighted $24.6576. It then sold 188,951 shares at a weighted $23.4305 and 13,500 shares at a weighted $44.8878 in open-market transactions under the company’s registration statement.

What Solidion stock transactions did FUN Investment Homes LLC execute?

FUN exercised residual warrants into 214,037 Solidion shares, received another 214,037 shares via internal transfer from Madison, bought 2,000 shares at a weighted $35.9950, and sold 192,437 shares at a weighted $37.3066. FUN’s resulting beneficial ownership is 237,637 shares.

What lock-up agreement did Henry Ikezi enter into with Solidion Technology?

On June 7, 2026, Henry Ikezi agreed in a lock-up letter not to sell, pledge or transfer most Solidion shares or related securities until 45 days after a new registration statement under a Securities Purchase Agreement is declared effective by the SEC.