Solidion Technology Inc. receives NASDAQ notice regaining compliance of Minimum Market Value of Publicly held shares and listed securities deficiency

Both of these matters are now closed

DALLAS, Feb. 4, 2025 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ:STI), an advanced battery technology solutions provider, previously disclosed in a Current Report on Form 8-K filed on September 3, 2024, the Company received written notice from Nasdaq that (i) it was not in compliance with Nasdaq Listing Rule 5450(b)(2)(C), which requires the Company's listed securities to maintain a minimum market value of publicly held shares of $15 million (the "MVPHS Rule"), and (ii) the Company's minimum market value of listed securities ("MVLS") was less than $50 million, which did not meet the requirement for continued listing on The Nasdaq Global Market, as required by Nasdaq Listing Rule 5450(b)(2)(A) (the "MVLS Rule").

On January 30, 2025, the Company received a letter from the Staff notifying the Company that it had regained compliance with the MVPHS Rule and the MVLS Rule and that both matters are now closed.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion's (NASDAQ:STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. Solidion holds a portfolio of over 550 patents, covering innovations such as high-capacity, non-silane gas and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ:STI) (the "Company," "Solidion," "we," "our" or "us") desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

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SOURCE Solidion Technology, Inc.