Solidion Technology Inc. ("Solidion" or the "Company") (NASDAQ:STI), an advanced battery technology solutions provider, announces a comprehensive restructuring of its previous $4 million equity financing announced on August 30, 2024. This strategic restructuring eliminates potential dilution of up to 3.4 million Pre-Funded Warrants, which the Company believes will significantly enhance shareholder value and position the Company to move forward with a large strategic investor that is vested in the long term vision of the company.

KEY HIGHLIGHTS OF THE EQUITY FINANCING RESTRUCTURING

• Warrant Elimination: All Series C and D warrants associated with the August equity financing are cancelled, removing a major source of potential dilution of up to 3.4 million Pre-Funded Warrants.
• Balance Sheet Strengthening: Approximately $10 million in derivative liabilities eliminated, increasing shareholder equity and simplifying financial reporting.
• Long-Term Investor Commitment: Madison Bond LLC and Bayside Project LLC will  convert the entire warrant allocation to common stock, committing to hold for at least 12 months.
• Future Financing Flexibility: The transaction eliminates the reliance on future Pre-Funded Warrant financings or other types of overly dilutive structures which could negatively impact Solidion's stock price.

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