Flux Power Board Unanimously Rejects Solidion Technology Acquisition Proposal

Key Facts

1The Board of Directors of Flux Power Holdings, Inc. has unanimously rejected the unsolicited, non-binding acquisition proposal from Solidion Technology, Inc.

The Board of Directors of Flux Power Holdings, Inc. has unanimously rejected an unsolicited, non-binding acquisition proposal from Solidion Technology, Inc. According to a statement reported by GlobeNewswire, the board determined the all-cash offer, initially announced on September 30, 2026, was not in the best interest of the company following a formal review.

Flux Power (FLUX) closed at $0.4066 on October 1, 2026, after reaching a session high of $0.4429. Meanwhile, Solidion Technology (STI) closed at $6.16 on October 1, 2026, with the stock trading between a low of $6.00 and a high of $6.49 during that session.