Solidion Technology Inc. (NASDAQ: STI), an advanced battery technology solutions provider, has closed a private placement generating gross proceeds of approximately $35 million before expenses. The company sold 2.33 million shares of common stock or common stock equivalents, with the offering priced above market under Nasdaq rules. Titan Partners, a division of American Capital Partners, served as sole placement agent.
Proceeds will support commercialization of Solidion's patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype development and testing, and provide working capital for general corporate purposes. The funding arrives as the company positions itself to address growing demand for high-performance batteries across energy storage, electric vehicle, and aerospace applications, including UPS systems for AI data centers.
Solidion 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, the company focuses on manufacturing next-generation battery materials and components.
The private placement underscores investor confidence in Solidion's technology roadmap and its ability to capture market share in the rapidly evolving battery sector. For more details, the full press release is available at https://ibn.fm/Xxzmx.
About Solidion Technology, Inc.: Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion Technology (NASDAQ: STI) is an advanced battery technology solutions provider focused on manufacturing next-generation battery materials and components, and developing high-performance batteries for energy storage, including UPS systems serving 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. For more information, please visit www.solidiontech.com.
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