Solidion Technology is trading at $5.84, down 5.11%, with Flux Power’s rejection of its proposal the clearest company-specific development coinciding with the decline. - On October 2, Flux Power’s board unanimously rejected Solidion Technology’s unsolicited, non-binding acquisition proposal, saying it substantially undervalued Flux Power and was not in shareholders’ best interests. - The decision puts the proposed deal’s prospects in doubt. Broader markets and the materials sector were higher; no trading-volume information was provided.