By Katherine Hamilton

Solidion Technology delayed the filing of its annual financial report, saying it needs more time to compile and verify data.

The battery technology company said Wednesday it expects to file the 10-K within the additional time allowed.

The 2025 annual report will include restated financial statements for the year ended Dec. 31, 2024, and the interim periods within that year.

Solidion identified an error related to accounting for exercises of its Series A and B warrants whereby the fair value of the warrants wasn't remeasured immediately prior to certain warrant exercise events.

As a result, Solidion understated the non-cash, non-operating loss related to change in fair value of derivative liabilities by about $100,000 for the three months ended June 30, 2024, $2.3 million for the quarter ended Sept. 30, 2024, and $5.7 million for the year ended Dec. 31, 2024.

There is a corresponding understatement of additional paid-in capital within stockholders' equity.

The restatement relates solely to non-cash derivative accounting adjustments and doesn't affect Solidion's liquidity, cash balances or total stockholders' equity.

Solidion said it is continuing to evaluate the accounting treatment of its other financial instruments, which could result in additional adjustments to the restated financial statements.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 01, 2026 19:16 ET (23:16 GMT)

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