NASDAQ Grants Solidion Technology Inc. Additional Time To Meet Listing Standards

Stock Delisting Threat Averted As Battery Maker Secures Compliance Extension

Solidion Technology Inc. (NASDAQ: STI), a developer of advanced battery solutions headquartered in Dallas, Texas, has received a reprieve from potential delisting after successfully appealing a compliance determination to the NASDAQ Hearings Panel. The market operator initially moved to delist the company’s shares in early February following the stock’s persistent failure to maintain the exchange’s minimum bid price threshold.

The sequence of events leading to this extension began when Solidion Technology Inc. fell below the required $1.00 per-share minimum closing bid price for an extended period. After 30 consecutive business days of trading below this benchmark, the company received formal notice of non-compliance with NASDAQ Listing Rule 5450(a)(1). The exchange initially granted a standard 180-day remediation window, providing until late January to restore compliance by achieving 10 consecutive business days at or above the $1.00 threshold.

Despite efforts during the initial compliance period, Solidion Technology Inc. failed to meet this requirement by the deadline. In late January, NASDAQ’s Listing Qualifications staff issued a determination that delisting would proceed, with removal from the NASDAQ Global Market scheduled for February 7, 2025. Rather than accept this outcome, the company filed a formal appeal request on February 5, challenging the delisting determination.

Path Forward: Strategic Options For The Battery Innovator

The Hearings Panel’s favorable ruling represents a significant development for Solidion Technology Inc. The company now has until May 30, 2025 to regain compliance with the bid price requirement, with May 16, 2025 serving as the deadline for executing a reverse stock split if management determines this action necessary. This extended timeline provides additional runway for operational and market performance improvements.

For investors tracking Solidion Technology Inc., the approved extension underscores the company’s commitment to maintaining its NASDAQ listing while pursuing its core mission in battery technology. The Dallas-based manufacturer operates pilot production facilities in Dayton, Ohio, and maintains a substantial intellectual property portfolio comprising over 550 patents. These innovations span high-capacity silicon anodes, graphene-enabled technologies, advanced lithium-sulfur batteries, and next-generation solutions for energy storage and electric vehicle applications across ground, air, and sea transportation sectors.

The extended compliance period through May 2025 allows Solidion Technology Inc. to focus on executing its operational strategy without immediate delisting pressure. Whether through stock price recovery, reverse stock split implementation, or alternative restructuring measures, the company’s management now has defined parameters and timelines to work within. The battery technology sector remains dynamic, and companies like Solidion Technology Inc. continue exploring innovations to address the expanding EV and energy storage markets globally.

Investors and market participants can access additional company information through Solidion’s official channels for the latest developments regarding its compliance efforts and business initiatives.