Solidion Technology raises $35M in above-market private placement with institutional investor
By
Meghavi Singh
Summary
Solidion Technology (STI) has entered into a securities purchase agreement with an institutional investor to sell 2.33 million shares of common stock through a private placement, raising $35 million in gross proceeds. The share sale is priced above the current market rate in compliance with Nasdaq regulations.
Source
bskySolidion Technology raises $35M in above-market private placement with institutional investorseekingalpha.comKey quotes
· 2 pulledSolidion Technology (STI) has announced a securities purchase agreement with an institutional investor to sell 2.33M shares of common stock in a private placement, generating $35M in gross proceeds.
The sale is priced above market according to Nasdaq rules
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