Flux Power rejects Solidion acquisition proposal
FLUX•Flux Power rejected an unsolicited, non-binding acquisition proposal disclosed by Solidion Technology on Sept. 30, 2026, saying the offer substantially undervalued the company and was not in shareholders’ interests.
1. Board rejects proposal
Flux Power’s board unanimously rejected Solidion Technology’s unsolicited, non-binding acquisition proposal, saying it substantially undervalued the company and did not serve shareholders’ interests. Management is prioritizing a turnaround toward profitability in FY 2027, citing cost cuts, supply-chain changes and broader OEM relationships. The board is also assessing financing options and strategic partnerships to support its operating plan.
