Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Solidion Technology (STI) has provided an announcement.
Solidion Technology, Inc. has initiated a private placement deal with institutional investors, raising $4 million before expenses for working capital and general corporate purposes. The deal, managed by EF Hutton, LLC as the exclusive placement agent, involves the issuance of over 12 million units composed of common stock, Series C and D warrants, and pre-funded warrants, with the transaction closing around September 3, 2024. Additionally, the company has entered into agreements restricting stock sales for certain shareholders and ensuring their votes in favor of the private placement.
See more insights into STI stock on TipRanks’ Stock Analysis page.
