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FLUX News
FLUX Events
Company Outlook on Growth in Lithium-Ion Battery Market
The company said, "Taken together, these developments reflect a commercial strategy that we believe is beginning to compound. With a leaner cost structure and growing market demand for lithium-ion battery solutions, I believe we're in a much stronger position to drive growth and move toward profitability in the coming quarters."
Flux Power Q1 Revenue $6.76M Exceeds Expectations
Reports Q1 revenue $6.76M, consensus $6.15M. "We continued to make meaningful progress across our key operational and sales initiatives, executing with discipline and positioning the Company for accelerated growth," said Krishna Vanka, CEO of Flux Power. "I am proud that the team delivered on our $6.8 million revenue commitment this quarter, despite facing multiple headwinds across the business. I am also pleased to announce that our most significant customer who previously paused orders returned with a meaningful order through our OEM partner. This win along with a number of orders through our OEM partners for first-time Flux Power customers demonstrate the initial success of our OEM partnership strategy."
Solidion Disappointed by Flux Power's Rejection of Acquisition Proposal
Solidion (STI) responded to the decision of the board of directors of Flux Power (FLUX) to reject Solidion's previously announced acquisition proposal. Solidion considers its bid to be best and final. "Solidion strongly disagrees with the Flux Power Board's assertion that its proposal 'significantly undervalues' the company," said Jaymes Winters, chairman and CEO of Solidion Technology. "This offer takes into account the capital and execution required to stabilize the business, and Solidion has no intention of increasing its offer at this time." Winters continues, "Solidion is and always will be an opportunistic acquirer of companies it believes will complement and amplify its existing technology. In doing so, we will be resolute custodians of our shareholder value and not seek opportunities that are overpriced, beyond repair or not related to Solidion's growth strategy. We will continue to pursue other prospects in parallel with FLUX."
Flux Power Rejects Solidion Acquisition Proposal
Flux Power (FLUX) announced that its Board of Directors has unanimously rejected the unsolicited, non-binding acquisition proposal announced by Solidion Technology (STI) on September 30, 2026. "We can appreciate why there is interest by Solidion in acquiring the Company. However, after a comprehensive review, conducted in consultation with its legal advisors, the Board concluded that the Proposal substantially undervalues Flux Power and is not in the best interests of the Company and its shareholders," the company said.
Solidion Intends to Acquire Flux Power and Issues Letter to Shareholders
Solidion Technology (STI) announced its intent to pursue the acquisition of Flux Power Holdings (FLUX) and issued an open letter to FLUX shareholders regarding the proposed transaction. Solidion has significant concerns about any proposed financing arrangements that Flux Power would enter into within the next 60 days, given their stock price and trading volume. "The Board of Directors and Management of Flux Power have a fiduciary duty to protect their shareholders," said Jaymes Winters, Chairman and CEO of Solidion Technology. "Simple math would tell you that a $4M financing facility at Flux's current market cap and bid price would be infinitely less superior than what Solidion is offering. I therefore encourage all Flux shareholders to make themselves heard."
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