Flux Power rejects Solidion acquisition proposal

Bitget2026/10/02 12:31

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Flux Power rejected an unsolicited, non-binding acquisition proposal from Solidion Technology that Solidion disclosed on Sept. 30, 2026.
The board unanimously concluded the approach substantially undervalued Flux Power and did not serve shareholders’ interests.
Management is prioritizing a turnaround toward profitability in FY 2027, citing cost cuts, supply-chain changes, and broader OEM relationships.
The board is assessing financing options and strategic partnerships to support continued execution of its operating plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flux Power Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610020831PRIMZONEFULLFEED9838467) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Flux Power rejects Solidion acquisition proposal

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