Solidion Technology Inc. (STI): M&A transaction — Solidion eliminates 3.4M warrants and ~$10M derivative liabilities; investors convert to common with 12-month lock-up

Solidion Technology Inc.

Madison Bond LLC and Bayside Project LLC converted 3,447,957 Series C/D warrants into common stock at 1:1, now hold 47.5% of outstanding shares.
Approximately $10 million in derivative liabilities eliminated, strengthening balance sheet and simplifying financial reporting.
Investors agreed to a 12-month lock-up on converted shares, with limited exceptions (5% aggregate transfers permitted).
Company issued 40,000 bonus shares each to non-executive directors John Davis and Karin-Joyce Tjon, and 120,000 shares to non-executive employees.
Solidion applied to transfer listing to Nasdaq Capital Market after curing non-compliance with MVLS and MVPHS requirements.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.7

Solidion Technology Inc. underwent a change of control involving Madison Bond LLC and Bayside Project LLC.

Action: change of control
Counterparty: Madison Bond LLC and Bayside Project LLC

Exact text from the filing

the Conversion was effected, which resulted in a change in control of the Company by virtue of holding approximately 47.5% of the Company’s issued and outstanding Common Stock and being the largest stockholder of the Company.

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21 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Solidion Technology Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-099229

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