Flux Power Rejects Solidion Acquisition Proposal
News related to:Flux Power Holdings, Inc · 2 min read
VISTA, Calif., Oct. 02, 2026 /CourierPR/ -- Flux Power Holdings, Inc., a leading developer of advanced lithium-ion energy storage solutions and fleet intelligence technology, has rejected an unsolicited acquisition proposal from Solidion Technology, Inc. The proposal, announced by Solidion on September 30, 2026, was deemed by Flux Power’s Board of Directors to undervalue the company.
Flux Power’s management team, which has implemented extensive changes to the company’s operations, expressed confidence in its strategic direction. The new management has focused on several key areas to reposition the company toward profitability. These include transforming the business, early momentum, new avenues for growth, and growing market demand.
In terms of business transformation, Flux Power has made significant strides. The company has lowered product and operating costs, improved operating efficiencies, and enhanced its supply chain to boost margins. Additionally, Flux Power has refreshed its sales leadership team, expanded OEM relationships, and launched aggressive new marketing programs aimed at diversifying its customer base.
Looking at early momentum, the company has demonstrated notable improvements in the 2026 fiscal fourth quarter. Flux Power reduced operating expenses by 33% compared to the 2025 fiscal fourth quarter. The company also achieved certification with a new major OEM, which increased its addressable market within electric material handling. Furthermore, Flux Power launched AI-driven SkyEMS® 3.0, positioning the company as a differentiated technology provider.
Flux Power is also exploring new avenues for growth. The company has developed a strategy to leverage its S series as an anchor product to approach new OEMs and dealership networks by providing unique white label solutions for their use cases. This strategy is expected to offer new avenues for accelerated, predictable growth. In a recent development, Flux Power entered a new vertical, Robotics, in collaboration with a large global technology company. This partnership provides clear visibility into potential future demand.
The company is optimistic about the growing market demand for its products as macroeconomic headwinds ease. Flux Power believes that lithium-ion will become the dominant battery technology in the coming years, presenting a significant market opportunity. The company is well-positioned to deliver renewed growth and accelerate its path toward profitability as economic conditions improve.
Flux Power continues to evaluate potential financing paths and strategic partnerships to ensure it has the financial flexibility necessary to continue executing its operating strategy. The company remains focused on its long-term goals and is committed to delivering on its strategic initiatives.
In its ongoing efforts to maintain transparency, Flux Power has provided detailed information about its strategic initiatives and financial performance in its Form 10-K, 10-Qs, and other reports. These documents offer insights into the company’s progress and future outlook.