Nubia Brand International Corp. completes $123.5M IPO and $5.4M private placement, deposits $126M in trust

Solidion Technology Inc.

IPO of 12.35M units at $10.00 each, including partial over-allotment; gross proceeds $123.5M.
Simultaneous private placement of 5.405M warrants to sponsor at $1.00 each, raising $5.4M.
Net proceeds of $125.97M placed in trust account for future business combination.
Audited balance sheet: $127.7M assets, $126M redeemable shares, $3.3M accumulated deficit.
Going concern uncertainty if business combination not completed within 12-18 months.

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