Solidion warns Flux Power financing could trigger a 'death spiral' amid acquisition talks.

Solidion Technology announced its intent to acquire Flux Power Holdings and cautioned Flux shareholders against a proposed $4 million financing facility, warning it could lead to a 'death spiral' given Flux's current market cap and stock price. Solidion argues its acquisition offer is superior and urges shareholders to consider their fiduciary duties. The proposed transaction remains uncertain and subject to regulatory approval and due diligence. Solidion highlighted its advanced battery technology portfolio and stressed that no binding agreement has been made yet.

Flux Power Holdings trades with a market cap of $9.74 million and an enterprise value of $17.95 million as of Sep 30, 2026 17:51 WIB on Pluang. The stock price is $0.46, showing a 1-day gain of 2.37%, while trading volume reached 123,782 shares. Order activity on Pluang is nearly balanced with 52% buying and 48% selling, reflecting active investor interest around the acquisition news.