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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

TechMediaBreaks — Solidion Technology Inc. (NASDAQ: STI) Reports on $3.85M Securities Purchase Agreement

Solidion Technology (NASDAQ: STI), an advanced battery-technology solutions provider, announced that it has entered a securities purchase agreement with institutional investors. The agreement is designed to raise approximately $3.85 million in cash proceeds, before deducting fees and other offering expenses. According to the announcement, the closing of the private placement is subject customary closing conditions. In addition, and in connection with the private placement, Solidion expects to issue 5,133,332 units and prefunded units. EF Hutton is acting as exclusive placement agent for the offering. Benesch Friedlander Coplan & Aronoff LLP and Loeb & Loeb LLP are serving as counsel to the company for the private placement while Winston & Strawn LLP is serving as counsel to the placement agent. “Each unit and prefunded unit will be comprised of one share of common stock (or prefunded warrant), two common warrants with each exercisable for one share of common stock at an exercise price of $0.75 per share, and one common warrant at an exercise price of $0.0001 to purchase such amount of shares of common stock as will be determined on the reset date (as defined in the Series B common warrant),” stated the company in the press release. “The common warrants will be exercisable upon issuance and will have a term of 5.5 years from the stockholder approval date.”

To view the full press release, visit https://ibn.fm/up20N

About Solidion Technology Inc.

Solidion Technology is headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio. The company’s core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air and sea transportation. Solidion offers two lines of battery products: (i) advanced anode materials (ready for production expansion); and (ii) three classes of solid-state batteries — including silicon-rich, all-solid-state, lithium-ion cells (Gen 1); anodeless lithium metal cells (Gen 2); and lithium-sulfur cells (Gen 3) — all featuring an advanced polymer- or polymer/inorganic composite-based solid electrolyte that is process friendly. Solidion’s solid-state batteries can be manufactured at scale using current lithium-ion cell production facilities; this feature enables fastest time-to-market of safe solid-state batteries. Solidion batteries are designed to deliver significantly extended EV range, improved battery safety, lower cost per KWh, fastest time-to-market and next-gen cathodes, with a potential to replace expensive nickel and cobalt with sulfur and other more abundant elements. To learn more about the company, visit www.SolidionTech.com.

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