Solidion Technology, Inc. expanded its Board of Directors from four to seven members and appointed Mark Schwartz (Class I), Kimi L. Ellen (Class II), and Dante W. Robinson (Class III) as independent directors effective August 31, 2026. The appointments were made to strengthen financial, audit, and governance expertise, specifically allowing the company to regain compliance with Nasdaq Rule 5605(c)(2)(A) by restoring its Audit Committee to three members. Schwartz was appointed Chair of the Compensation Committee, Ellen joined the Audit and Compensation Committees, and Robinson joined the Nominating and Corporate Governance Committee. The Board also adopted new non-employee director compensation arrangements, including $100,000 annual RSU grants and quarterly cash fees for committee service. Solidion Technology Inc. operates in the advanced battery technology sector, manufacturing battery materials and developing next-generation solid-state batteries for energy storage systems.

Solidion Technology reported Q2 2026 net sales of $124,914 and a net loss of $2.9 million ($0.35 per share). The company holds $27.7 million in cash following a June private placement that raised $35 million, alleviating prior going concern doubts. Business highlights include successful testing of a 9.5Ah pouch cell for drones and the unveiling of the PEAK Series UPS system for AI data centers. Solidion operates in the advanced battery technology sector.

Solidion Technology, Inc. entered into a Securities Purchase Agreement on June 7, 2026, to issue and sell 750,000 shares of common stock and pre-funded warrants to purchase up to 1,583,000 shares at $15.00 per share. The company expects to receive gross proceeds of approximately $34.99 million and net proceeds of approximately $32 million to support commercialization of its battery technology and general corporate purposes.