Solidion Technology Inc.

Listed Company

STICIK 0001881551NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthMiscellaneous Electrical Machinery, Equipment & SuppliesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.3K

Net Income

$-41.00M

Total Assets

$4.80M

Equity

$-7.19M

Shares Out

7.75M

Op. Cash Flow

$-4.54M

Business

Solidion Technology Inc. is an advanced battery technology company that develops and commercializes next-generation battery materials, components, and energy storage solutions. It offers silicon-rich and biochar-derived anode materials, graphene- and elastomer-enhanced electrodes, fire-retardant, quasi-solid and solid-state electrolytes, and prototype cylindrical and pouch battery cells. The company operates R&D and manufacturing operations focused on materials development, cell prototyping, and intellectual property licensing, and pursues toll-manufacturing and strategic partnership arrangements. Solidion serves global EV, energy storage system, and consumer electronics markets through partnerships, OEM engagements, and toll manufacturers.

Summary from filing dated 2025-04-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Net sales	13,350	—	6,944	—
Cost of goods sold	6,648	—	—	—
Gross profit	6,702	—	6,944	—
Research and development	3	2	3	—
Selling, general and administrative	10	11	2	—
Total operating expenses	13	13	5	904,193
Operating loss	−13	−13	−5	—
Change in fair value of derivative liabilities	−28	12	—	—
Loss on issuance of common stock and warrants	—	−31	—	—
Interest income	19,094	13,806	—	2
Interest expense	−108,971	−366,963	—	—
Other income (expense)	257,510	−5,934	−1,945	—
Total other expense	−28	−19	−1,945	2
Net loss before provision for income taxes	−41	−32	−5	933,804
Provision for income taxes	—	—	—	339,899
Net loss	−41	−32	−5	593,905
Weighted average number of shares of common stock outstanding basic and diluted (in Shares)	4	2	70	—
Weighted average number of shares of common stock outstanding, Diluted (in Shares)	4	2	70	—
Basic and diluted net loss per share of common stock (in Dollars per share)	−10.39	−15.8	−0.08	—
Diluted net loss per share of common stock (in Dollars per share)	−10.39	−15.8	−0.08	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-06-30	FY 2024 2024-12-31	FY 2024 2024-09-30	FY 2024 2024-06-30
Cash	204,725	460	3	—	—
Accounts receivable	5,110	—	999	—	—
Other receivable	302,500	—	302,500	—	—
Inventory	24,430	—	24,430	—	—
Prepaid expenses	170,257	—	206,784	—	—
Other current assets	76,166	—	—	—	—
Total Current Assets	783,188	—	4	—	—
Property and Equipment, net of depreciation	2	—	2	—	—
Patents, net of amortization	2	—	2	—	—
Total Assets	5	—	8	—	—
Accounts payable and accrued expenses	4	—	2	—	—
Income taxes payable	—	—	6,369	—	—
Excise tax payable	964,463	—	909,871	—	—
Derivative liabilities	5	—	25	—	—
Convertible notes	—	—	527,500	—	—
Short-term notes payable	3	—	2	—	—
Total Liabilities	12	—	31	—	—
Commitments and contingencies (Note 6)	—	—	—	—	—
Preferred stock, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding	—	—	—	—	—
Common stock, $0.0001 par value, 300,000,000 shares authorized, 7,465,283 and 2,633,956 issued and outstanding as of December 31, 2025 and 2024, respectively	746	—	13,169	11,733	8,709
Additional paid-in capital	159	—	102	94	82
Stock subscription receivable	−3	—	−3	−2	−80,241
Accumulated deficit	−163	—	−122	−110	−101
Total Stockholders Deficit	−7	—	−23	−19	−18
Total Liabilities and Stockholders Deficit	5	—	8	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Depreciation and amortization	294,442	350,509	552,855	—
Stock based compensation	3	2	—	—
Equity compensation expense	4	2	—	—
Non-cash interest expense	—	303,061	—	—
Non-cash gain related to adjustment of note payable balance	−257,512	—	—	—
Loss on issuance of common stock and warrants	—	31	—	—
Accounts receivable	−4,111	1,165	−1,127	—
Inventory	—	−1,700	—	—
Prepaid expenses	36,527	3,515	−12,168	−215,628
Other current assets	−76,166	—	—	—
Accounts payable and accrued expenses	1	1	31,777	424,906
Income taxes payable	−6,369	−82,898	—	339,899
Excise taxes	54,592	19,486	—	—
Net Cash Used In Operating Activities	−5	−7	−4	−725,102
Purchases of property and equipment	−117,812	—	—	—
Capitalized patent costs	−122,930	−246,074	—	—
Net Cash Used In Investing Activities	−240,742	−246,074	−376,150	−126
Capital contributions from Global Graphene Group	—	487,273	—	—
Cash received from NUBI Trust	—	25	—	—
Discount payment related to Non Redemption Agreement	—	−14	—	—
Reimbursement of consideration shares related to the Forward Purchase Agreement	—	−2	—	—
Reimbursement of Recycled Shares related to Forward Purchase Agreement	—	−80,241	—	—
Transaction expenses in connection with the Merger	—	−9	—	—
Inflow from Merger	—	17,555	—	—
Proceeds from convertible notes	—	527,500	—	—
Proceeds from short-term notes	1	670,000	—	—
Repayment of short-term notes	−42,671	−1	—	—
Proceeds from issuance of common stock and warrants in connection with Private Placement	—	8	—	124
Proceeds from issuance of common stock from exercise of warrants	671,568	4	—	—
Issuance costs in connection with Private Placement	—	−419,499	—	5
Repayment of related party payable	—	−1	—	—
Cash used to settle fractional shares	−460	—	—	—
Net Cash Provided By Financing Activities	2	11	4	127
Net change in cash	−3	3	−620,795	545,655
Cash paid for interest expense	16,627	169,911	—	—
Cash paid for federal income taxes	6,369	89,959	—	—
Issuance of Common Stock upon the closing of the Merger	—	4,993	—	—
Issuance of Common Stock for Forward Purchase Agreement	—	3	—	—
Issuance of Common Stock upon cashless exercise of warrants	11	—	—	—
Stock subscription receivable, net of discount	—	2	—	—
FPA discount accretion	295,841	93,113	—	—
Convertible notes converted to common shares	527,500	—	—	—
Reclassification of warrant derivative liability to additional paid-in capital upon exercise of Series A warrants	4	—	—	—
Conversion of Series C and Series D warrant derivative liabilities into common stock	43	—	—	—
Reverse stock split reclassification from common stock to additional paid-in capital	13,311	—	—	—
Capitalized interest to principal balance of short-term note payable	29,777	24,061	—	—
Shares issuable upon settlement of warrants	2	—	—	—

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