Excluding an $18.5 million change in fair value of derivative asset/liability, net income before tax provision was $287,102. “Our first earnings report as a public company represents an important milestone for Solidion Technology as a new publicly traded company,” said Jaymes Winters, CEO of Solidion. “We are well positioned to deliver valuable synthetic graphite derived from biomass, advanced anode materials, and patented battery technology to a market that is essential to our society’s energy needs. In the coming quarters, we will update the market on our progress as we continue to execute our business plan, as part of our ultimate goal of providing advanced battery materials and technological solutions.”
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