By Kelly Cloonan

Shares of Solidion Technology gained after the company said it entered an agreement with an institutional investor for a private placement priced above market, with expected gross proceeds of $35 million.

The stock climbed 13% to $40.38 in premarket trading on Monday. Through Friday's market close, shares have risen more than five-fold year to date.

The provider of battery-technology solutions said it would use the proceeds from the offering to commercialize its Extreme-Climate Battery technology, to fulfill customer demand, to expand inventory and to build and test prototypes.

The agreement involves the purchase and sale of about 2.33 million shares of Solidion's common stock, the company said. The company expects the offering to close on or about June 9.

The company said Titan Partners, a division of American Capital Partners, is the offering's sole placement agent.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 08, 2026 06:49 ET (10:49 GMT)

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