Solidion Technology, Inc. filed an S-1 registration statement for a public offering of up to 2,000,000 common shares. The filing includes pre-funded warrants to purchase up to an additional 2,000,000 shares.
The company expects net proceeds of approximately $11.3 million. This estimate assumes an offering price of $6.30 per share. Total proceeds could reach $13.1 million if underwriters exercise an over-allotment option. The option allows for the purchase of 300,000 additional shares.
Management plans to use the capital for general corporate purposes and working capital. This move follows a private placement completed in June 2026. That previous offering raised approximately $32 million in net proceeds.
The prospectus highlights several risks including recurring losses and a going-concern notice from auditors. It also notes significant stock price volatility over the past year.