Solidion proposes Flux Power acquisition with cash offer
- Solidion Technology (NASDAQ:STI) announced a non-binding proposal to acquire Flux Power Holdings (NASDAQ:FLUX) in an all-cash transaction.
- No definitive agreement has been signed, and neither company has a legal obligation to complete the transaction.
- Solidion stated that the proposed acquisition could support its strategy of expanding commercial opportunities through existing products, customers and manufacturing capabilities.
Solidion Technology (NASDAQ:STI) announced its intent to pursue an all-cash acquisition of Flux Power Holdings (NASDAQ:FLUX) through a non-binding proposal, with no definitive agreement currently executed.
The proposed transaction would combine Solidion’s technology and intellectual property strategy with Flux Power’s customer base, products, manufacturing capabilities and market access, although completion remains uncertain pending further evaluation.
Solidion reported approximately $27.7 million in cash and cash equivalents as of June 30, 2026, and stated that any potential transaction would involve due diligence, financing considerations and required approvals.
Solidion stated that after a potential transaction it would evaluate a leaner operating structure, including possible consolidation of selling, general and administrative expenses and public-company costs.
Flux Power develops lithium-ion battery systems for industrial and commercial applications, while Solidion focuses on battery materials and energy storage technologies, with both companies operating in the broader battery technology sector.
