Solidion Technology Stands Firm on Flux Power Bid After Rejection

Solidion, a Dallas-based battery technology firm, contends that Flux Power faces a precarious future marked by dilution, regulatory hurdles, and a looming need for at least $10 million in fresh capital. According to Winters, the board’s dismissal of the offer ignores the harsh reality of Flux Power's financial state, including its ongoing struggle to maintain a $1.00 minimum bid price on the NASDAQ. The company received a warning in July regarding this threshold, and Solidion warns that any attempt at a reverse stock split could trigger a further 20-40% decline in share value.

Solidion maintains that its bid is the most viable path forward for shareholders, positioning itself as an opportunistic acquirer that refuses to overpay for distressed assets. While Flux Power continues to navigate supply chain tariffs and macroeconomic uncertainty, Solidion has signaled it will now shift its attention to other potential prospects. The company insists that Flux Power shareholders deserve full transparency regarding the true cost of the board’s standalone strategy, particularly as the business faces the risk of further equity dilution through private placements or credit lines.