#USA #Dallas #Flux Power #Solidion Technology #acquisition proposal

Solidion Technology Stands Firm in Face of Flux Power Rejection

On October 5, 2026, Solidion Technology, Inc. (NASDAQ: STI), a leader in advanced battery technology solutions, released a statement regarding its acquisition proposal for Flux Power Holding, Inc. (NASDAQ: FLUX). The Flux Power Board of Directors recently rejected Solidion's offer, claiming it significantly undervalues the company. However, Solidion's Chairman and CEO, Jaymes Winters, firmly disagrees with this assertion, stating the current bid accurately reflects the capital and execution needed to stabilize Flux Power.

Context of the Proposal

Solidion Technology highlights that Flux Power is currently facing multiple financial hurdles, including an urgent capital requirement estimated at no less than $10 million. Given the precarious position that Flux is in, Solidion believes its offer provides a viable path for Flux's shareholders to secure value in a market where the risks are high.

Winters stated, “We will not consider increasing our offer because we believe it already addresses Flux's pressing financial needs. Our intent is to protect our shareholders' interests without engaging in overpriced or dilutive capital avenues.” He emphasized the company’s commitment to pursuing acquisitions that strategically fit their growth model without risking shareholder value.

Flux Power's Financial Dilemma

Flux Power's financial situation is compounded by its recent challenges at NASDAQ. The company was notified on July 24, 2026, about its stock trading below the minimum bid price for over 30 consecutive business days. The repercussions of this could lead to a required reverse stock split, which historically has resulted in further declines in share price. Given these circumstances, Solidion asserts that Flux's shareholders deserve clarity regarding the company's financial strategy and the future capital that will be needed.

In addition to the immediate need for funds, Flux is dealing with ongoing regulatory issues and default risks, making its current operational framework exceedingly precarious. Investors are advised that any further funding endeavors may lead to substantial dilution of existing shares unless a strong acquisition can stabilize the company.

A Call for Transparency

Solidion believes that Flux Power must provide its shareholders with transparent information regarding its financial health, future capital needs, and possible paths forward. The company argues that shareholders must be empowered with the knowledge necessary to discern whether they prefer an acquisition that promises relative stability or continued investment in an uncertain turnaround effort.

As Solidion watches its acquisition prospects unfold, it also aims to keep exploring other strategic opportunities in parallel with Flux Power.

About Solidion Technology

Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion specializes in creating innovative battery materials and components. Their portfolio includes over 385 patents, emphasizing next-generation technologies for energy storage systems, including applications in artificial intelligence data centers and electric vehicle sectors. Solidion is resolute in its mission to enhance its market position through calculated, strategic acquisitions while safeguarding shareholder interests.

In conclusion, as Solidion Technology remains steadfast in its current offer for Flux Power, the focal point now shifts to the urgent need for Flux to address its financial challenges and establish a more accountable line of communication with its shareholders. The company's response not only reflects its values but also sets the stage for important discussions about the future of both entities involved.