**Summary:**
1. Solidion TechnologyInc. has announced a private placement deal to secure $3.85 million in cash proceeds through a securities purchase agreement with institutional investors. The private placement is expected to close on March 14, 2024, with an aggregate of 5,133,332 units and pre-funded units to be issued. The net proceeds will be used for general working capital and administrative purposes.
2. Solidion TechnologyInc., based in Dallas, Texas, specializes in manufacturing battery materials and components, as well as developing next-generation batteries for various transportation modes. The company offers advanced anode materials and three classes of solid-state batteries that aim to provide extended EV range, improved safety features, lower costs per KWh, and faster time-to-market.
3. This press release from Solidion TechnologyInc. contains forward-looking statements about the company’s financial condition and operations. Investors and media can obtain more information by visiting the company’s website or contacting the respective email addresses provided for investors and media inquiries.