Solidion Technology seeks cash acquisition of Flux Power

Bitget2026/10/01 08:28

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Solidion Technology is pursuing an all-cash acquisition of Flux Power, citing strategic fit with its revenue and customer expansion plans.
The approach has met resistance from Flux’s management and board, according to Solidion’s open letter to Flux shareholders.
Solidion said its indicative price would likely be below Flux’s Sept. 28 close once balance-sheet adjustments are applied.
Flux reported fiscal 2026 revenue of USD 42.1 million, down 37%, with a USD 7.4 million net loss and USD 0.3 million cash.
Flux faces a 50-day requirement to raise at least USD 4 million of equity under an amended Gibraltar facility, raising dilution concerns.

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: 202610010427PR_NEWS_EUPR__DE_GE60040) on October 01, 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 seeks cash acquisition of Flux Power

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