Solidion Technology Inc.
For the period ended Dec 31, 2024. Filed Apr 16, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 16, 2025
STI$4.16-1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(25,929,003) | $(5,324,624) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 350,509 | 552,855 |
| Stock based compensation | 2,367,014 | — |
| Equity compensation expense | 1,976,000 | — |
| Non-cash interest expense | 303,061 | — |
| Change in fair value of derivative liabilities | (18,011,100) | — |
| Loss on issuance of common stock and warrants | 30,281,475 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,165 | (1,127) |
| Other receivable | — | (187,500) |
| Inventory | (1,700) | — |
| Prepaid expenses | 3,515 | (12,168) |
| Accounts payable and accrued expenses | 1,344,669 | 31,777 |
| Income taxes payable | (82,898) | — |
| Excise taxes | 19,486 | — |
| Due to related party | — | 872,485 |
| Net Cash Used In Operating Activities | (7,377,807) | (4,068,302) |
| Cash Flows From Investing Activities: | ||
| Capitalized patent costs | (246,074) | (376,150) |
| Net Cash Used In Investing Activities | (246,074) | (376,150) |
| Cash Flows From Financing Activities: | ||
| Capital contributions from Global Graphene Group | 487,273 | 3,823,657 |
| Cash received from NUBI Trust | 25,160,047 | — |
| Discount payment related to Non Redemption Agreement | (13,937,997) | — |
| Payment for reimbursement of consideration shares related to the Forward Purchase Agreement payment | (2,193,800) | — |
| Reimbursement for Recycled Shares related to Forward Purchase Agreement | (80,241) | — |
| Transaction expenses in connection with the Merger | (8,948,009) | — |
| Inflow from Merger | 17,555 | — |
| Proceeds from convertible notes | 527,500 | — |
| Proceeds from short-term notes | 670,000 | — |
| Repayment of short-term notes | (1,389,146) | — |
| Proceeds from issuance of common stock and warrants in connection with Private Placement | 7,850,000 | — |
| Proceeds from issuance of common stock from exercise of warrants | 4,259,241 | — |
| Issuance costs in connection with Private Placement | (419,499) | — |
| Repayment of related party payable | (1,026,091) | — |
| Net Cash Provided By Financing Activities | 10,976,833 | 3,823,657 |
| Net change in cash | 3,352,952 | (620,795) |
| Cash at beginning of period | 780 | 621,575 |
| Cash at end of period | $3,353,732 | $780 |
| Supplemental disclosure | ||
| Cash paid for interest | $169,911 | $— |
| Cash paid for federal income taxes | $89,959 | $— |
| Supplemental disclosure of non-cash financing activities: | ||
| Issuance of Common Stock upon the closing of the Merger | $4,993 | $— |
| Capitalized interest to principal balance of short-term note payable | $24,061 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.