Apex Trader Funding - News
Solidion Technology Reports Results for Full Year 2023
Successful completion of business combination with Honeycomb Battery Company
Shares commenced trading on Nasdaq Global on February 2, 2024
DALLAS, April 12, 2024 (GLOBE NEWSWIRE) -- Solidion Technology, Inc. (f/k/a Nubia Brand International Corp.) ("Solidion" or the "Company") (NASDAQ:STI), an advanced battery technology solutions provider, today announced it has released financial and operating results for Solidion for the full year 2023. The unaudited condensed consolidated financial statements of Solidion and additional information, including updated pro forma information, can be found in Solidion's Form 10-K, filed with the Securities and Exchange Commission today, April 12, 2024 (the "Form 10-K"). This earnings release should be read together with the information contained in the Form 10-K.
Select Year-to-Date Highlights
Completed business combination on February 2nd with Nubia Brand International Co. and commenced trading on the Nasdaq under the ticker "STI" on February 5th
Excluding an $18.5 million change in fair value of derivative asset/liability, net income before tax provision was $287,102
"Our first earnings report as a public company represents an important milestone for Solidion Technology as a new publicly traded company," said Jaymes Winters, CEO of Solidion. "We are well positioned to deliver valuable synthetic graphite derived from biomass, advanced anode materials, and patented battery technology to a market that is essential to our society's energy needs. In the coming quarters, we will update the market on our progress as we continue to execute our business plan, as part of our ultimate goal of providing advanced battery materials and technological solutions."
About Solidion
Solidion's core business includes manufacturing of battery materials and components, ...