Solidion Technology Boosts Capital with Strategic Private Placement

An announcement from Solidion Technology (STI) is now available.

Solidion Technology, Inc. has secured $3.85 million through a private placement with institutional investors, with EF Hutton, LLC as the exclusive agent. Using the proceeds for working capital and corporate needs, the company issued over 5 million units, encompassing common stock and various warrants with exercise prices ranging from $0.0001 to $0.75 and terms extending 5.5 years post-stockholder approval. Additionally, common stockholders entered into lock-up agreements restricting share disposal for six months, while others agreed to vote in favor of the issuance related to the private placement.

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