Solidion Technology reaffirms final Flux Power proposal
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- Solidion Technology reaffirmed its final acquisition proposal for Flux Power after a previous board rejection.
- The acquiring company explicitly stated it will not increase its financial offer at this time.
- The business stated it plans to pursue alternative acquisition targets in parallel with the current negotiations.
Solidion Technology (NASDAQ:STI) reaffirmed what it considers 1 final acquisition proposal for Flux Power (NASDAQ:FLUX).
The reaffirmed bid followed a direct rejection of the previously announced proposal by the target board.
The acquiring business stated it currently possesses 0 intention of increasing its financial offer.
Solidion Technology stated that proceeding requires 1 fully executed definitive written agreement alongside completed due diligence.
The business stated it plans to pursue other acquisition prospects in parallel with the current target.
Any proposed transaction remains strictly dependent upon financing considerations and applicable legal and regulatory approvals.
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