NetworkNewsBreaks – Solidion Technology Inc. (NASDAQ: STI) Closes $35 Million Private Placement
Solidion Technology (NASDAQ: STI), an advanced battery technology solutions provider, announced the closing of its previously announced private placement of 2.33 million shares of common stock, or common stock equivalents, generating gross proceeds of approximately $35 million before expenses. The offering was priced above market under Nasdaq rules. The company said it intends 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 sole placement agent for the offering. To view the…







