Company will take necessary steps to maintain listing DALLAS , March 6, 2025 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery technology solutions provider previously disclosed in a Current Report on Form 8-K filed on August 7, 2024, Solidion Technology, Inc. (the "Company") received a notice from the Listing Qualifications staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") that because the closing bid price for the Company's common stock had fallen below $1.00 per share for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1) (the "Bid Price Rule"). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), at the time, the Company had been provided an initial compliance period of 180 calendar days, or until January 28, 2025, to regain compliance with the minimum bid price requirement.
Both of these matters are now closed DALLAS , Feb. 4, 2025 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery technology solutions provider, previously disclosed in a Current Report on Form 8-K filed on September 3, 2024, the Company received written notice from Nasdaq that (i) it was not in compliance with Nasdaq Listing Rule 5450(b)(2)(C), which requires the Company's listed securities to maintain a minimum market value of publicly held shares of $15 million (the "MVPHS Rule"), and (ii) the Company's minimum market value of listed securities ("MVLS") was less than $50 million, which did not meet the requirement for continued listing on The Nasdaq Global Market, as required by Nasdaq Listing Rule 5450(b)(2)(A) (the "MVLS Rule"). On January 30, 2025, the Company received a letter from the Staff notifying the Company that it had regained compliance with the MVPHS Rule and the MVLS Rule and that both matters are now closed.