Solidion Technology Labels Flux Power Acquisition Bid as 'Best and Final'

Key Facts

1Solidion Technology confirmed its acquisition proposal for Flux Power is its best and final offer and will not be increased.

2Solidion justified its stance citing Flux Power's default risks and highly dilutive financing requirements.

Solidion Technology confirmed its acquisition proposal for Flux Power is its best and final offer and will not be increased. According to a statement on PR Newswire, the company maintained its stance following a rejection by the Flux Power board, arguing that the bid provides certainty against the target's highly dilutive financing requirements.

Solidion justified its position by citing Flux Power's significant default risks and ongoing regulatory issues. Regarding market performance, FLUX closed at $0.64 on October 2, 2026, while Solidion's stock, STI, closed at $5.31 on the same date.