Solidion Know-how (NASDAQ:STI) entered a securities buy settlement with institutional traders to boost ~$3.85M in mixture money proceeds, earlier than deducting charges to the position agent and different providing bills payable by the corporate.
The corporate will problem an mixture of 5.13M items and pre-funded items, the pre-funded items might be offered on the similar buy worth because the items, much less the pre-funded warrant train worth of $0.0001.
The closing of the non-public placement is predicted to happen on March 14, 2024.
The corporate intends to make use of the web proceeds from the non-public placement primarily for basic working capital and administrative functions.
