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Solidion Technology Launches $35 Million Common Stock Offering; Shares Rise Pre-Bell

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Solidion Technology (STI) has agreed to sell about 2.3 million common shares in a private placement expected to generate about $35 million in gross proceeds, the company said Sunday.

Proceeds from the offering, set to close around Tuesday, will be used to commercialize its Extreme-Climate Battery technology, support growth initiatives and fund working capital needs.

Shares of the company rose more than 14% in recent pre-bell activity Monday.

Price: $41.00, Change: $+5.28, Percent Change: +14.78%

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