Solidion Technology reaffirmed its acquisition strategy after Polar Power's board rejected Solidion's all-cash offer to buy most of Polar's assets. Solidion described Polar Power as "severely distressed," highlighting its ongoing capital needs, operating losses, and NASDAQ compliance issues that put its future in doubt. Despite recent balance sheet moves, Polar Power still requires significant operating capital. Solidion emphasized it will continue disciplined valuation and not overpay for acquisitions, reflecting the risks and investments needed to turn around Polar Power if acquired.
Solidion Technology's acquisition stance is presented here with Pluang's Technology sector data as context. As of Oct 06, 2026 16:32 WIB, out of 150 priced Technology-sector US stocks tradable on Pluang, 108 rose and 36 fell. Notable movers include SAP at USD 212.30 with a 2.20% increase and 100% buy order activity, Western Digital Corp at USD 432.00 with a 2.18% decline and 64% sell order activity, and United Microelectronics Corp at USD 23.41 with a 2.13% decline and 97% buy order activity. The most notable figure is SAP's 100% buy order activity on Pluang.
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