Solidion Technology Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $48.3M
- Price
- $5.67
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.87%
- Volume
- 108.9K
About
Solidion Technology Inc. specializes in the advancement and provision of various battery technologies. Their comprehensive offerings encompass a range of battery materials, components, complete cells, and select module/pack systems. The company's product portfolio is notable for its advanced anode materials and three distinct categories of solid-state batteries. These include sophisticated silicon-rich all-solid-state lithium-ion cells, innovative anodeless lithium metal cells, and efficient lithium-sulfur cells. Initially established in 2014, the firm was formerly known as Honeycomb Battery Company until its rebranding to Solidion Technology Inc. in February 2024. The company maintains its operational base in Dayton, Ohio, and functions as a subsidiary of Global Graphene Group, Inc.
Quick stats
Shares outstanding8.5M
Computed float3.4M
Float / shares39.9%
Cash runway (months)46.1
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001881551
Websitehttps://www.solidiontech.com
AI Summary
AI-generated1/33
majorbearishm and a
Solidion Technology (NASDAQ: STI) Sees no Basis to Increase Its Offer to Polar Power, Inc. (NASDAQ: POLA) in Response to Board Rejection of All-Cash Asset Acquisition Proposal
Solidion Technology publicly declined to raise its all-cash proposal to acquire substantially all of Polar Power's assets after POLA's board rejected the offer, saying it will not overpay for a 'severely distressed' company.
Solidion detailed Polar's distress: a $2.0 million net loss and $2.2 million of operating cash burn over the six months ended June 30, 2026, leaving just $183,000 in cash, plus dilutive financing including a $25 million equity facility and convertible notes converting at as low as $1.00 per share.
Polar also faces a NASDAQ minimum-equity deficiency (about $144,000 in stockholders' equity) with an October 28, 2026 compliance deadline, and its auditor flagged substantial going-concern doubt.
For POLA shareholders, the acquirer's public refusal to raise its bid weakens near-term deal leverage while reinforcing the dilution and delisting risks management itself has flagged.
Red flags
- acquirer publicly states no basis to raise its offer after board rejection
- going-concern doubt expressed by independent auditor in June 30, 2026 Form 10-Q
- NASDAQ minimum stockholders' equity deficiency with October 28, 2026 compliance deadline
- cash balance of only $183,000 against ongoing operating losses
- dilutive convertible notes with conversion tied to market price (80% of five-day VWAP or $1.00 cap)