Net Income of approximately $22 Million and EPS of $0.23 primarily due to change in value of derivative liabilities $2.9 million loss from continuing operations DALLAS, Aug. 13, 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 the second quarter of 2024. The unaudited condensed consolidated financial statements of Solidion and additional information, including updated pro forma information, can be found in Solidion's Form 10-Q, filed with the Securities and Exchange Commission on August 13th, 2024 (the "Form 10Q"). This earnings release should be read together with the information contained in the Form 10-Q. Select 2nd Quarter Highlights Net Income of $22,018,416, with EPS of $0.23, including $24,966,700 due to the change in the fair value of derivative liabilities. $2.9 million loss from continuing operations. "The company continues to make significant strides towards commercialization while keeping an open eye out for distressed assets within our sector," said Jaymes Winters, CEO of Solidion Technology. "We continue to focus on cost reduction where necessary." As previously announced, the company has achieved significant technological milestones related to the commercialization of graphite and silicon anode battery materials technologies. As previously disclosed, the company has been added to the broad-market Russell 3000 ® Index, effective June 28th, 2024. 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 ...