Both of these matters are now closed
DALLAS,
Feb. 4,
2025 /PRNewswire/ -- Solidion Technology, Inc.
(NASDAQ: STI), an advanced battery technology solutions provider,
previously disclosed in a Current Report on Form 8-K filed on
September 3, 2024, the Company
received written notice from Nasdaq that (i) it was not in
compliance with Nasdaq Listing Rule 5450(b)(2)(C), which requires
the Company's listed securities to maintain a minimum market value
of publicly held shares of $15 million (the "MVPHS Rule"), and (ii)
the Company's minimum market value of listed securities ("MVLS")
was less than $50 million, which did not meet the requirement for
continued listing on The Nasdaq Global Market, as required by
Nasdaq Listing Rule 5450(b)(2)(A) (the "MVLS Rule").
On January 30,
2025, the Company received a letter from the Staff notifying
the Company that it had regained compliance with the MVPHS Rule and
the MVLS Rule and that both matters are now closed.
About Solidion Technology, Inc.
Headquartered in Dallas, Texas with pilot production facilities
in Dayton, Ohio, Solidion's
(NASDAQ: STI) core business includes manufacturing of battery
materials and components, as well as development and production of
next-generation batteries for energy storage systems and electric
vehicles for ground, air, and sea transportation. Solidion holds a
portfolio of over 550 patents, covering innovations such as
high-capacity, non-silane gas and graphene-enabled silicon anodes,
biomass-based graphite, advanced lithium-sulfur and lithium-metal
technologies.
Cautionary Note Regarding Forward-Looking
Statements:
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the
"Company," "Solidion," "we," "our" or "us") desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The
words "forecasts" "believe," "may," "estimate," "continue,"
"anticipate," "intend," "should," "plan," "could," "target,"
"potential," "is likely," "expect" and similar expressions, as they
relate to us, are intended to identify forward-looking statements.
We undertake no obligation to publicly update any forward-looking
statements, whether as a result of new information, future
developments or otherwise, except as may be required by law.
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SOURCE Solidion Technology, Inc.
