Solidion holds firm on acquisition offer for Flux Power amid financial and regulatory concerns.

Solidion Technology reaffirmed its final acquisition offer for Flux Power Holding, rejecting Flux's board claim that the bid undervalues the company. Solidion cites Flux Power's urgent capital needs, regulatory risks including NASDAQ listing pressure, and potential shareholder dilution from financing as reasons not to increase the offer. Solidion emphasizes that a stronger company acquisition is the best path to stabilize Flux Power amid ongoing financial and market challenges. The outcome depends on Flux Power shareholders' decision between Solidion's offer or continuing a risky turnaround.

Flux Power Holdings Inc (FLUX) shares are trading at USD 0.54 on Pluang as of Oct 05, 2026 17:11 WIB, reflecting a sharp 15.61% drop in one day. The company's market cap stands at $9.76 million, highlighting its relatively small size. Trading volume is high at 164,811,621 shares, with investors typically holding for about 21 days on the platform.