Flux Power board rejects Solidion's acquisition bid as undervalued

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Go back to Flux Power board rejects Solidion's acquisition bid as undervalued

Flux Power Rejects Unsolicited Proposal from Solidion Technology, Inc.

October 2, 2026 8:31 AM EDT

Solidion Proposal is Not in the Best Interests of Flux Shareholders

VISTA, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (NASDAQ: FLUX) (Flux Power or the Company), a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, today announced that its Board of Directors (the Board) has unanimously rejected the unsolicited, non-binding acquisition proposal (the Proposal) announced by Solidion Technology, Inc. (NASDAQ: STI) (Solidion) on September 30, 2026.

We can appreciate why there is interest by Solidion in acquiring the Company. However, after a comprehensive review, conducted... More