Solidion Technology proposes all-cash acquisition of Flux Power
Bitget2026/09/30 10:01- Solidion Technology proposed an all-cash acquisition of Flux Power, issuing an open letter to Flux shareholders.
- Offer described as non-binding; Solidion cited accounting adjustments that could put its price per share below Flux’s Sept. 28 close.
- Solidion argued Flux’s fiscal 2026 revenue fell 37% to USD 42.1 million, with a USD 7.4 million net loss.
- Flux ended fiscal 2026 with about USD 300,000 cash, a USD 113.8 million accumulated deficit, and a going-concern warning.
- Solidion cited Flux’s Gibraltar credit default, noting a Sept. 18 amendment requiring at least USD 4 million equity raised within 50 days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BoE’s Greene: Warns of second-round inflation effects if we act late
Ido Ben-Natan: Frequent on-chain security incidents, AI agents will increase risks
BTC rebounds and breaks through 83,000 USDT, with a 24-hour decrease of 1%
Why did the Reserve Bank of Australia raise interest rates two weeks ago? Meeting minutes reveal inflation risks have become a reality, and waiting would be too costly
The Reserve Bank of Australia acknowledges that the trade-off between inflation and full employment has worsened, but maintains that its goal is to return the Consumer Price Index (CPI) to the 2-3% target range.
Crypto prices
More
