Dallas, November 9th / PRNewswire / -- Solidion Technology, Inc. (Nasdaq ticker: STI, hereinafter referred to as “Solidion Technology” or “the Company”) is a provider of advanced battery technologies. Today, the Company announced its financial and operational results for the third quarter ending September 30, 2026. The Company’s consolidated financial statements for the third quarter and additional information can be found in the 10-Q report filed with the U.S. Securities and Exchange Commission on November 9, 2026, for the quarter ending September 30, 2026 (hereinafter referred to as “Form 10-Q”). This press release on financial results should be read in conjunction with the information contained in Form 10-Q.

Solidion Technology indicates that the company maintained a healthy cash balance of approximately $26.2 million, which represents a decrease of about 40% compared to the total liabilities at the end of 2025, and also recorded a net profit for this quarter.

Financial and Company Highlights for the Third Quarter of 2026

• Strong liquidity: As of September 30, 2026, cash and cash equivalents amounted to $26.2 million, compared to $27.7 million as of June 30, 2026.
• Working capital turned positive: As of September 30, 2026, working capital amounted to $19.6 million, whereas as of December 31, 2025, there was a deficit of $11.2 million.
• Debt reduction: Total debt has decreased by approximately 40% to $7.5 million, compared to $12 million as of December 31, 2025.
• Net profit turned positive: The quarterly net profit was approximately $244,000, while in the same period last year there was a net loss of $4.1 million.
• Enhanced shareholders' equity: Shareholders' equity has risen to $23.8 million, compared to a deficit of $7.2 million at the end of 2025.
• Financial flexibility: The company believes that its capital position supports continued investment in its technology portfolio and allows it to evaluate strategic acquisition opportunities.
• Board of Directors Governance: On August 31, 2026, the company added three new independent directors, namely Mark Schwartz, Kimi L, Ellen, and Robinson.
• Stock Repurchase Plan: On September 13, 2026, the board of directors authorized the repurchase of up to $1 million in the company's common stock.

"In the third quarter, we continued to strengthen the financial foundation of Solidion Technology while preparing for the company's next phase of growth," said Jaymes Winters, CEO of Solidion Technology. "We maintain a cautious yet proactive attitude towards acquisitions. Our healthy cash position and improved balance sheet give us the flexibility to continue seeking opportunities that complement our existing technology and manufacturing capabilities."

"We believe that our strategy enables Solidion Technology to seize opportunities in the energy storage industry while maintaining our commitment to the value of long-term shareholders."

Business Highlights

Technology and Commercialization

• PEAK series UPS for AI data center: Solidion has used its 5500 silicon-carbon negative electrode cells to develop the PEAK series of uninterruptible power supply systems. According to company tests, this system design can reduce the floor space required by UPS by up to 30%, and the designed lifespan of these cells can be three times that of traditional backup battery systems.
• High-power battery cells: Solidion has developed high-energy 5.5Ah 21700 cylindrical cells with an energy density of 305 Wh / kg, and a continuous charge-discharge capacity of over 2C.
• Government Research Projects: Solidion is undertaking two research projects funded by the U.S. Department of Energy, both of which are conducted in collaboration with Oak Ridge National Laboratory, which is also a partner in the company's 2025 R&D 100 awards. The company is also executing a fixed-price contract with the U.S. Army STTR to develop flexible, fiber-based rechargeable battery systems.

Strategic Focus

In the remaining time of 2026 and throughout 2027, Solidion Technology plans to continue acquiring assets and businesses in the energy storage sector that can generate revenue in an opportunistic and prudent manner. This will allow them to expand their existing portfolio of technologies and intellectual property, while also advancing commercialization efforts and strengthening manufacturing and business capabilities.

Regarding Solidion Technology, Inc.

Solidion Technology, Inc (Nasdaq: STI) is an advanced battery technology company headquartered in Dallas, Texas, with research and manufacturing operations in Dayton, Ohio. Solidion develops silicon-rich anodes, solid-state batteries, and flame-retardant electrolytes, aiming to provide solutions with higher energy density, greater safety, and lower costs for the electric vehicle, energy storage, consumer electronics, aerospace and defense, as well as AI data center markets, including a new generation of backup power supplies for data center operators. The company owns a global patent portfolio of over 385 inventions covering high-capacity, silane-free gases, graphene-enhanced silicon anodes, biomass graphite, as well as advanced lithium-sulfur and lithium-metal technologies. Solidion is also pursuing a prudent acquisition strategy, focusing on opportunities that complement its platform and can create long-term shareholder value.

For more information, please visit www.ir.solidiontech.com or contact Investor Relations.

Forward-looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc. (Nasdaq ticker: STI) (hereinafter referred to as the “Company”, “Solidion”, “we”, “our” or “this Company”). In order to take advantage of the safe harbor provisions of that act, this disclaimer is included herein. Any statements in this press release that are not purely historical facts constitute forward-looking statements. Furthermore, any statements that appear before or after the words “forecasts”, “believe”, “may”, “will”, “would”, “estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”, “could”, “target”, “potential”, “position”, “is”, “likely”, “expect”, etc., or that contain these words and their negations, and that are related to the Company, are intended to identify forward-looking statements. The forward-looking statements in this press release may include, for example, statements regarding the Company’s financial and business performance, business, expansion plans, and opportunities. Such forward-looking statements do not guarantee future results and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control and may result in significant differences between actual results and those expressed or implied in these forward-looking statements.These risks and uncertainties include, but are not limited to: the battery not performing as expected, including design or manufacturing defects; the constantly changing competitive landscape in the battery cell market and OEM's choice to adopt other battery cell technologies; the need for additional safety tests on battery technologies before they are installed in electric vehicles; dependence on complex production equipment, as well as operational and cost uncertainties during production; the performance of licensed technologies that are not yet commercialized or are only partially commercialized; increases in the prices of raw materials and components, limited supply, and the company's ability to control costs and achieve cost advantages at scale; the speed at which consumers adopt electric vehicles; the lack of government incentives and subsidies; the company's ability to attract customers and accurately predict supply, demand, and manufacturing requirements; the ability to attract and retain key employees and qualified talent; a limited operating history and unproven business models; a history of continuous losses; the ability to obtain additional capital under commercially reasonable terms, or the inability to obtain it at all; the ability to manage growth and build a brand; the accuracy of assumptions and estimates underlying the technology and production timelines as well as financial statements; significant deficiencies in internal financial reporting controls; product liability claims, lawsuits, regulatory actions, and government investigations; numerous and constantly changing regulations; cybersecurity incidents, security vulnerabilities, and data privacy compliance; tariffs and trade tensions, including the potential for a global trade war; and other risks detailed in the company's filings submitted to the U.S. Securities and Exchange Commission, particularly those listed in the “Risk Factors” section of the 10-K annual report for the fiscal year ending December 31, 2025. Except as required by law, the company assumes no obligation to publicly update any forward-looking statements due to new information, future developments, or other reasons.

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