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Mergers & AcquisitionsMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read

Solidion Technology Proposes All-Cash Acquisition of Flux Power Amid Board Resistance

Key Facts

1Solidion Technology announced its intent to acquire Flux Power Holdings in an all-cash deal.
2Solidion issued an open letter to Flux Power shareholders noting resistance from Flux management and its board of directors.

Solidion Technology announced its intent to acquire Flux Power Holdings in an all-cash deal. PR Newswire reported that Solidion issued an open letter to Flux Power shareholders noting resistance from Flux management and its board of directors as the company seeks to expand its advanced battery technology solutions.

STI closed at $6.68 on September 29, 2026, while FLUX closed at $0.4514 on the same date. The proposal comes as Solidion attempts to bypass internal resistance from Flux leadership to appeal directly to shareholders, citing the target's financial condition as a primary reason for the cash offer.

Latest Updates · 1

  1. Notable·

    Update: Solidion Technology CEO Jaymes Winters warned that an alternative financing facility proposed for Flux Power would put the company into a 'death spiral.' The CEO's comments increase pressure on Flux Power shareholders to consider Solidion's cash offer over other financing options.