#USA #Dallas #Flux Power #Solidion Technology #NASDAQ STI

Solidion Technology Firm on Acquisition Offer

Solidion Technology, Inc. (NASDAQ: STI), a prominent provider of advanced battery technology solutions, has recently responded to the rejection by the board of Flux Power Holdings, Inc. (NASDAQ: FLUX) of its acquisition proposal. This offer, which Solidion deems its best and final, comes at a price below the current market level. Jaymes Winters, Chairman and CEO of Solidion Technology, expressed strong disagreement with Flux's Board's assertion that their proposal significantly undervalues the company. Winters emphasized that the offer accurately reflects the substantial capital requirements necessary for Flux to stabilize its operations, indicating Solidion's intention not to increase the bid under current conditions.

Solidion believes that Flux Power is experiencing pressing capital needs, which could lead to dilutive stock offerings and other financing options that may further erode shareholder value. The board's claim of underappreciation seems to overlook Flux's ongoing challenges, which include severe financing demands exacerbated by potential regulatory hurdles and operational risks.

In a statement, Winters remarked, "Solidion remains an opportunistic acquirer of businesses that can complement and enhance our existing technology. We are committed to safeguarding our shareholder value and will not pursue overpriced or unsustainable opportunities that do not align with Solidion's growth strategy. We will simultaneously explore other options while continuing dialogue with Flux."

Solidion's argument is based on Flux Power's urgent requirement for at least $10 million in new capital, which must be sourced without significantly diluting existing shares. The only notably viable option is a merger with a more robust entity, a solution that could provide Flux the financial stability it seeks.

Moreover, Flux Power has faced scrutiny regarding its NASDAQ listing. On July 24, 2026, it was notified that its common stock had traded below the minimum bid price of $1.00 for 30 consecutive trading days, thus beginning a 180-day period to rectify this issue. Should a reverse stock split be deemed necessary to regain compliance, history suggests such actions have previously resulted in a sharp decline in stock price ranging from 20% to 40%.

Current macroeconomic conditions pose additional risks to Flux Power's recovery strategy. While the company may feel optimistic about a future turnaround, it fails to account for significant uncertainties in the macroeconomic landscape, including tariff risks that impact its supply chains. A financially stable entity is invariably better positioned to navigate these unpredictable challenges.

Importantly, Solidion advocates for enhanced transparency for Flux Power's shareholders, suggesting they deserve full disclosure on the company's financing needs and associated costs. This would allow them to make informed assessments about the potential for continued operations versus pursuing Solidion's acquisition offer, which presents a more secure financial outlook.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas, Solidion Technology (NASDAQ: STI) operates pilot production facilities in Dayton, Ohio. The company specializes in manufacturing battery materials and components, along with developing advanced batteries for energy storage systems, including uninterruptible power supplies (UPS) for AI data centers and electric vehicles across land, air, and maritime sectors. Solidion's innovative portfolio boasts over 385 patents covering high-capacity, silicon-based anodes, and advanced lithium-sulfur and lithium-metal technologies.

For more information, visit Solidion's website or contact their Investor Relations department.

Important Transaction Details

Solidion has indicated its interest in a potential acquisition of Flux Power Holdings, Inc. However, no final agreement is guaranteed, and negotiations are non-binding and subject to regulatory review. This announcement serves informational purposes and does not constitute an offer to buy or a solicitation to sell securities. Future intentions will be communicated pending completion of legal and regulatory requirements.

Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Solidion Technology, Inc. refutes any obligation to publicly update these statements unless mandated by law, maintaining a focus on strategic growth and shareholder value.