Solidion Technology is trading 11.2% down at $5.47, with Flux Power’s rejection of its proposal the clearest company-specific development coinciding with the decline. - On October 2, 2026, Flux Power’s board unanimously rejected Solidion’s unsolicited, non-binding acquisition proposal. - Flux Power said the proposal substantially undervalued the company and was not in shareholders’ best interests. The decline came amid a broadly stronger market and materials-sector gains, which do not explain the drop as well.