Solidion Technology Closes $35 Million Private Placement to Advance Battery Commercialization

Solidion Technology Inc. (NASDAQ: STI), an advanced battery technology solutions provider, announced the closing of its previously disclosed private placement, generating gross proceeds of approximately $35 million. The offering involved the sale of 2.33 million shares of common stock or common stock equivalents, priced above market under Nasdaq rules.

The company plans to use the net proceeds to support commercialization of its patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype development and testing, and provide working capital for general corporate purposes. Titan Partners, a division of American Capital Partners, served as the sole placement agent for the offering.

Solidion Technology is focused on manufacturing next-generation battery materials and components, as well as developing high-performance batteries for energy storage, including UPS systems for the AI data center market, electric vehicles, and aerospace applications. The company holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane-gas-free and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies.

Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion Technology is positioned to address the growing demand for advanced battery solutions. The successful close of this private placement marks a significant step in the company's efforts to bring its technologies to market. For more details, the full press release is available at https://ibn.fm/Xxzmx.

This capital raise underscores investor confidence in Solidion's technology and its potential applications across multiple high-growth sectors. As the company advances its prototype development and expands inventory, it aims to meet increasing customer demand, particularly in the energy storage and electric vehicle markets.