Solidion Technology stands by Flux Power takeover offer after board rejection
STI•Solidion Technology called its takeover proposal for Flux Power its best-and-final offer and said it would not raise it. Solidion estimated Flux needs at least $10 million in new capital; Flux received a Nasdaq notice on July 24, 2026, over a closing share price below $1 for 30 sessions.
1. Offer remains unchanged
Solidion Technology stood by its takeover proposal for Flux Power after Flux’s board rejected it, calling the bid its best-and-final offer and saying it had no plan to raise it. Solidion cited Flux’s need for potentially dilutive funding, regulatory issues, Nasdaq listing pressure and default risk, and estimated Flux needs at least $10 million in new capital to meet its stated objectives. Flux received a Nasdaq notice on July 24, 2026, tied to a closing share price below $1 for 30 sessions.
