An announcement from Solidion Technology (STI) is now available.
Solidion Technology, Inc. has secured $3.85 million through a private placement with institutional investors, with EF Hutton, LLC as the exclusive agent. Using the proceeds for working capital and corporate needs, the company issued over 5 million units, encompassing common stock and various warrants with exercise prices ranging from $0.0001 to $0.75 and terms extending 5.5 years post-stockholder approval. Additionally, common stockholders entered into lock-up agreements restricting share disposal for six months, while others agreed to vote in favor of the issuance related to the private placement.
See more insights into STI stock on TipRanks’ Stock Analysis page.
