Solidion Holds Firm on Flux Power Bid After Board Rejection
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Dallas – October 05, 2026 -- Solidion Technology, Inc. (NASDAQ: STI) has refused to raise its acquisition offer for Flux Power Holdings, Inc. (NASDAQ: FLUX), calling the bid "best and final" after Flux's board rejected the proposal as undervaluing the company.
Solidion rejects board's undervaluation claim
Jaymes Winters, Chairman and CEO of Solidion Technology, said the company strongly disagrees with Flux Power's assertion that the offer undervalues the battery maker, stating the bid already reflects the capital and execution needed to stabilize the business. Winters added that Solidion has no intention of increasing the offer and will continue pursuing other acquisition targets in parallel.