Solidion Technology proposes all-cash acquisition of Flux Power

Bitget2026/09/30 10:01

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Solidion Technology proposed an all-cash acquisition of Flux Power, issuing an open letter to Flux shareholders.
Offer described as non-binding; Solidion cited accounting adjustments that could put its price per share below Flux’s Sept. 28 close.
Solidion argued Flux’s fiscal 2026 revenue fell 37% to USD 42.1 million, with a USD 7.4 million net loss.
Flux ended fiscal 2026 with about USD 300,000 cash, a USD 113.8 million accumulated deficit, and a going-concern warning.
Solidion cited Flux’s Gibraltar credit default, noting a Sept. 18 amendment requiring at least USD 4 million equity raised within 50 days.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solidion Technology Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609300600PR_NEWS_USPR_____DA60040) on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Solidion Technology proposes all-cash acquisition of Flux Power

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