Solidion Technology (NASDAQ: STI), an advanced battery technology solutions provider, announced the closing of its previously announced private placement of 2.33 million shares of common stock, or common stock equivalents, generating gross proceeds of approximately $35 million before expenses. The offering was priced above market under Nasdaq rules.
The company said it intends to use the net proceeds to support commercialization of its patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype development and testing, and provide working capital for general corporate purposes. Titan Partners, a division of American Capital Partners, served as sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/ClFL3
About Solidion Technology, Inc.
Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion Technology (NASDAQ: STI) is an advanced battery technology solutions provider focused on manufacturing next-generation battery materials and components, and developing high-performance batteries for energy storage, including UPS systems serving the AI data center market, electric vehicles, and aerospace applications. The Company holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane-gas-free and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies.
For more information, please visit www.solidiontech.com
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