Successful completion of merger Shares commenced trading on Nasdaq Global Market DALLAS, June 07, 2024 (GLOBE NEWSWIRE) -- Solidion Technology Inc. ("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 first quarter of 2024. The unaudited condensed consolidated and combined financial statements of Solidion and additional information, can be found in Solidion's Form 10-Q, filed with the Securities and Exchange Commission today, June 7, 2024 (the "Form 10-Q"). This earnings release should be read together with the information contained in the Form 10-Q. Select Year-to-Date Highlights $3.8 million operating loss. The net loss of $29.7 million included $8.2 million due to the change in the fair value of derivative liabilities and $17.8 million due to the issuance of common stock and warrants related to the Private Placement financing. "Despite challenging market conditions, Solidion is making progress towards commercialization of its suite of battery materials products," said Jaymes Winters, CEO of Solidion Technology. "There are opportunities to enter the market organically, or through existing sector participants." About SolidionSolidion's core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. Solidion offers two lines of battery products: (i) advanced anode materials (ready for production expansion); and (ii) three classes of solid-state batteries, including Silicon-rich all-solid-state lithium-ion cells ...