Solidion Technology Inc. (NASDAQ: STI) announced it entered into a securities purchase agreement with an institutional investor for a private placement of 2,333,000 shares of common stock priced above market under Nasdaq rules. The offering is expected to generate gross proceeds of $35 million before expenses.

The closing is expected to occur on or about June 9, 2026, subject to customary closing conditions. The Dallas-based battery technology company stated the proceeds will fund operations through 2028.

The company plans to use net proceeds to support commercialization of its Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype building and testing, and for working capital and general corporate purposes. The technology targets lunar economy and space applications.

Titan Partners, a division of American Capital Partners, is serving as the sole placement agent for the offering.

The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. Solidion has agreed to file a resale registration statement with the SEC for the shares issued in the private placement.

Solidion Technology operates pilot production facilities in Dayton, Ohio, and focuses on manufacturing battery materials and components for energy storage applications including UPS systems for AI data centers, electric vehicles, and aerospace applications. The company holds a portfolio of over 385 patents covering silicon anodes, biomass-based graphite, and lithium-sulfur and lithium-metal technologies.