Solidion Technology Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
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.
FY2025 · Filed Apr 15, 2026
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, | ||
|---|---|---|
| 2025 | 2024 (Restated) | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(41,004,000) | $(32,417,033) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 294,442 | 350,509 |
| Stock based compensation | 2,949,920 | 2,367,014 |
| Equity compensation expense | 3,821,122 | 1,976,000 |
| Non-cash interest expense | — | 303,061 |
| Non-cash gain related to adjustment of note payable balance | (257,512) | — |
| Change in fair value of derivative liabilities | 28,250,727 | (12,275,217) |
| Loss on issuance of common stock and warrants | — | 31,033,622 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4,111) | 1,165 |
| Inventory | — | (1,700) |
| Prepaid expenses | 36,527 | 3,515 |
| Other current assets | (76,166) | — |
| Accounts payable and accrued expenses | 1,404,126 | 1,344,669 |
| Income taxes payable | (6,369) | (82,898) |
| Excise taxes | 54,592 | 19,486 |
| Net Cash Used In Operating Activities | (4,536,702) | (7,377,807) |
| Cash Flows From Investing Activities: | ||
| Purchases of property and equipment | (117,812) | — |
| Capitalized patent costs | (122,930) | (246,074) |
| Net Cash Used In Investing Activities | (240,742) | (246,074) |
| Cash Flows From Financing Activities: | ||
| Capital contributions from Global Graphene Group | — | 487,273 |
| Cash received from NUBI Trust | — | 25,160,047 |
| Discount payment related to Non Redemption Agreement | — | (13,937,997) |
| Reimbursement of consideration shares related to the Forward Purchase Agreement | — | (2,193,800) |
| Reimbursement of 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 | 1,000,000 | 670,000 |
| Repayment of short-term notes | (42,671) | (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 | 671,568 | 4,259,241 |
| Issuance costs in connection with Private Placement | — | (419,499) |
| Repayment of related party payable | — | (1,026,091) |
| Cash used to settle fractional shares | (460) | — |
| Net Cash Provided By Financing Activities | 1,628,437 | 10,976,833 |
| Net change in cash | (3,149,007) | 3,352,952 |
| Cash at beginning of period | 3,353,732 | 780 |
| Cash at end of period | $204,725 | $3,353,732 |
| Supplemental disclosure | ||
| Cash paid for interest expense | $16,627 | $169,911 |
| Cash paid for federal income taxes | $6,369 | $89,959 |
| Supplemental disclosure of non-cash financing activities: | ||
| Issuance of Common Stock upon the closing of the Merger | $— | $4,993 |
| Issuance of Common Stock for Forward Purchase Agreement | $— | $3,124,379 |
| Issuance of Common Stock upon cashless exercise of warrants | $11 | $— |
| Stock subscription receivable, net of discount | $— | $2,372,232 |
| FPA discount accretion | $295,841 | $93,113 |
| Convertible notes converted to common shares | $527,500 | $— |
| Reclassification of warrant derivative liability to additional paid-in capital upon exercise of Series A warrants | $3,804,286 | $— |
| Conversion of Series C and Series D warrant derivative liabilities into common stock | $43,030,502 | $— |
| Reverse stock split — reclassification from common stock to additional paid-in capital | $13,311 | $— |
| Capitalized interest to principal balance of short-term note payable | $29,777 | $24,061 |
| Shares issuable upon settlement of warrants | $1,915,988 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.