Solidion Technology, Inc. (STI), a battery technology solutions provider, Thursday received a Nasdaq notice for non-compliance with the minimum bid price requirement, as its stock remained below $1.00 for 30 consecutive business days.
Initially given until January 28, 2025, to meet the requirement, the company failed to do so and was notified of a potential delisting.
Following an appeal, Nasdaq's Hearings Panel granted an extension, allowing STI until May 16, 2025, to regain compliance, potentially through a reverse stock split, with a final deadline set for May 30, 2025.
On Thursday, STI closed at $0.1313, down 18.55%, and is currently trading at $0.1258 in after-hours, reflecting a further 4.19% decline on the Nasdaq Global Market.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.