TLDRSolidion Technology targets Flux Power acquisition to expand battery growth strategy.STI stock trades higher after announcing plans for Flux Power transaction.Solidion highlights Flux Power revenue decline and financing challenges.The deal aims to combine battery technology with commercial capabilities.Solidion plans operational improvements through potential Flux Power acquisition.Solidion Technology (STI) stock traded at $6.70 in pre-market activity, rising 0.30% after closing at $6.68. The company announced plans to pursue the acquisition of Flux Power Holdings as part of its growth strategy. The move aims to expand Solidion’s commercial reach through additional products, customers, and manufacturing capabilities.Solidion Technology Inc., STISolidion Technology Advances Flux Power Acquisition PlanSolidion Technology announced its intention to acquire Flux Power Holdings, a lithium-ion battery solutions provider listed on Nasdaq. The company also presented its proposal to Flux Power shareholders regarding the potential transaction. Solidion said the deal supports its strategy of expanding revenue opportunities and commercial operations.The proposed acquisition would combine Solidion’s battery technology focus with Flux Power’s existing customer base and production capabilities. Solidion expects the transaction could strengthen its market position. The company aims to improve operational efficiency while increasing access to commercial opportunities.Meanwhile, Solidion stated that Flux Power’s products and infrastructure align with its long-term business objectives. The company plans to evaluate operational changes after a potential transaction. These changes could include reducing administrative expenses and improving business efficiency.Flux Power Financial Challenges Drive Solidion STI StrategySolidion highlighted Flux Power’s recent financial performance as a reason for pursuing the acquisition. Flux reported fiscal 2026 revenue of $42.1 million, compared with $66.4 million in fiscal 2025. The company recorded a $6.5 million operating loss and a $7.4 million net loss during the period.Flux Power ended fiscal 2026 with approximately $0.3 million in cash. The company reported an accumulated deficit of about $113.8 million. Solidion said these financial conditions create a need for stronger operational management and financial discipline.Flux Power faces financing pressure linked to its current credit agreement. The company received requirements to raise at least $4 million in equity capital within 50 days. Solidion said the financing process could affect shareholder ownership through additional dilution.Solidion Technology Targets Growth Through Battery Market ExpansionSolidion Technology reported approximately $27.7 million in cash and cash equivalents as of June 30, 2026. The company plans to use its financial position to support future expansion efforts. It expects the acquisition could help increase customer access and strengthen product development.Moreover, Solidion believes Flux Power provides an established platform for expanding battery technology applications. The company aims to focus on customer retention, sales growth, and commercial returns. The transaction remains subject to discussions and further developments between both companies.Solidion has attempted to engage with Flux Power’s board and management regarding the proposed acquisition. However, the company stated that discussions have not progressed as expected. The acquisition proposal remains part of Solidion’s broader plan to build a larger battery technology business. The post Solidion Technology (STI) Stock: Targets Flux Power Acquisition to Boost Growth Strategy appeared first on Blockonomi.