Solidion Technology is trading 5.7% down at $6.09 amid broader market and materials-sector weakness; no direct cause has been confirmed.
- On October 1, the company said it intends to pursue an all-cash acquisition of Flux Power; the proposal is non-binding.
- The proposed price was not specified and is expected to be below Flux’s September 28 closing price.
- Major indexes were lower, materials fell 1.64%, and Treasury yields were sharply higher; live trading volume was unavailable.