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Solidion Technology (STI) Stock: Slides After Flux Power Rejects Takeover Bid
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Solidion Technology (STI) Stock: Slides After Flux Power Rejects Takeover Bid
TLDR Flux Power rejects Solidion’s takeover bid after reviewing the proposal and value. The board says Solidion’s offer undervalues Flux Power and its long-term outlook. Flux Power plans to focus on lower costs, new growth and a path to profitability. The company expands OEM ties while pursuing new white-label growth opportunities. Solidion’s proposal remains unsupported as Flux Power reviews financing options. Solidion Technology stock fell sh…
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