Solidion Technology Issues Open Letter to Flux Power Inc. (NASDAQ: FLUX) Shareholders

▤ Summary

Solidion Technology issued an open letter to Flux Power shareholders to promote its proposed all-cash acquisition of Flux Power Holdings. Solidion argues that Flux faces declining revenue, losses, liquidity pressure, and dilution risk from a required equity raise. The company says the deal would give Flux shareholders immediate cash value and would let Solidion bring more operating discipline and lower costs. The transaction remains non-binding and still depends on due diligence, financing, and regulatory approvals.

▦ Linked Companies

Flux Power

$10M to $25M