Solidion Technology closed its Nasdaq compliance deficiencies on October 31, 2025, meeting the exchange’s Market Value of Listed Securities and Market Value of Publicly Held Shares thresholds and thereby securing continued trading on the Nasdaq Global Market.
The company had received a non‑compliance notice on September 3, 2024, and was granted a 180‑day period to regain compliance, which it achieved within the deadline of February 24, 2025.
To address the deficiencies, Solidion implemented a corporate treasury strategy that allocated excess cash reserves to Bitcoin, secured a $1 million non‑dilutive bridge financing facility from a major shareholder on October 30, 2025, and announced a change of auditors, dismissing Deloitte & Touche LLP and initiating the appointment of a new accounting firm.
Financially, the company reported a net loss of $8.84 million for the trailing twelve months ending June 30, 2025, a 32.36% decline year‑over‑year, and a net loss of $6.6 million in Q3 2024. EBITDA was negative $11.24 million, and the company’s profitability rating is “WEAK.”
Strategically, Solidion focuses on advanced battery materials, holding over 525 patents in silicon anode technology and next‑generation batteries for energy storage and electric vehicles. The company has entered a memorandum of understanding with Bluestar Materials to accelerate commercialization of its anode technology, launched the PEAK Series UPS system for AI data centers, and secured a U.S. patent for 5‑minute lithium battery charging.
Regaining compliance removes the risk of delisting, supports the company’s ongoing fundraising efforts, and provides a stable platform for future growth initiatives, although its financial challenges remain a significant consideration for stakeholders.
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