---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-095232"
form_type: "8-K"
ticker: "STI"
cik: "0001881551"
company_name: "Solidion Technology Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:40:36.822211+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Nubia Brand enters forward purchase, non-redemption deals; only 23,586 shares left after massive redemptions

## Summary
- Forward Purchase Agreement with Meteora entities for up to 9.9% of shares post-business combination; includes prepayment and optional early termination.
- Non-Redemption Agreement: investors agree not to redeem up to 9.99% of shares; receive redemption price less $4.00 per share at closing.
- Sponsor Letter Agreement: NUBI pays Mach FM Acquisitions $7.25M to assume transaction fees after closing of the merger.
- As of Dec 13, 2023, 3,896,031 shares redeemed at ~$10.94 each; only 23,586 shares remain outstanding after the special meeting.
- Subscription Agreements with Forward Purchase Investors for share purchase at closing; proceeds drawn from trust account.

## SEC filing metadata
- accession: 0001213900-23-095232
- form_type: 8-K
- ticker: STI
- cik: 0001881551
- company_name: Solidion Technology Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1881551/000121390023095232/0001213900-23-095232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881551/000121390023095232/ea189966-8k_nubiabrand.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-095232
- JSON: https://secwatch.observer/filing/0001213900-23-095232.json
- Plain text: https://secwatch.observer/filing/0001213900-23-095232.txt

## Key facts
- Material Agreements
  Solidion Technology Inc. entered into Forward Purchase Agreement with Solidion Technology, Inc. valued at Forward Purchase Agreement for purchase of up to 9.9% of Class A ordinary shares (effective 2023-12-13).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Solidion Technology, Inc.
  - Value: Forward Purchase Agreement for purchase of up to 9.9% of Class A ordinary shares
  - Effective: 2023-12-13
  source text: On December 13, 2023, NUBI entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller” or “Forward Purchase Investors”) (the “Forward Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881551/000121390023095232/0001213900-23-095232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.