Solidion Technology Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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Sep 30, 2026 · Filed Nov 9, 2026
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Legal Proceedings
ITEM 1. LEGAL PROCEEDINGS
The information set forth under “Litigation” in Note 6 to the condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report is incorporated herein by reference. In June 2026, D. Boral Capital LLC (f/k/a EF Hutton LLC) filed a complaint against the Company in the Supreme Court of the State of New York, County of New York, seeking payment of outstanding principal, accrued interest, and costs under a promissory note as to which the Company is in default. See Note 6 and Note 10 to the condensed consolidated financial statements.
An arbitration claim was filed in in Ohio in 2025 and amended in July 2026 against the Company alleging breach of contract. The matter is currently in the discovery stage and the Company intends to vigorously defend itself.
On August 12, 2026, the Company was named as a nominal defendant in a civil action involving Henry Ikezi, a significant stockholder and related party of the Company, under Section 16(b) of the Securities Exchange Act of 1934. The Company is monitoring this action, and the outcome cannot be presently determined.
On May 13, 2025, O2 Capital Inc. and KORR Value LP filed a complaint in the Court of Chancery of the State of Delaware against the Company, its Chief Executive Officer and Mach FM Acquisitions LLC. The plaintiffs allege that the Company failed to timely register and deliver shares issuable under a December 2023 promissory note, and seek unspecified damages, interest, and fees and costs.
On September 22, 2026, the Company was named as a defendant in a civil action filed in the New York County Supreme Court. The plaintiff alleges, among other things, that the Company breached an engagement agreement dated January 21, 2026, based on the alleged failure of the Company to pay a “tail” fee commission in connection with a private placement of the Company’s securities. The Company has until December 1, 2026 to respond to the complaint. Our investigation into this case remains ongoing but the Company intends to vigorously defend the matter.
From time to time, the Company is involved in other legal proceedings and claims arising in the ordinary course of business. The Company does not believe any such other pending matters, individually or in the aggregate, will have a material adverse effect on its financial position, results of operations or cash flows.
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