Solidion Technology Surges 11% Overnight on $35M Private Placement for Space Battery Tech

According to an official announcement, Solidion Technology Inc. (STI) surged over 11% in overnight trading headed into Monday (June 8–9) after the battery technology company announced a $35 million private placement of 2,333,000 common shares priced above market, set to close on June 9. Solidion said it will use the proceeds to commercialize its patented Generation Extreme-Climate Battery (Gen-ECB) technology, designed for satellites, SpaceX Starship operations, and NASA's Artemis lunar program. The platform operates in temperatures ranging from -80°C to +60°C, according to the company.
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