Sees no Basis to Increase Its Offer as Flux Power Continues to Face Highly Dilutive Financing Requirements, Regulatory Issues, and Default Risk

DALLAS, Oct. 5, 2026 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI) (“Solidion Technology” or “the Company”), an advanced battery technology solutions provider, today responded to the decision of the Board of Directors of Flux Power Holding, Inc. (NASDAQ: FLUX) (“Flux Power” or “Flux”) to reject Solidion’s previously announced acquisition proposal. Solidion considers its bid to be best and final.

“Solidion strongly disagrees with the Flux Power Board’s assertion that its proposal ‘significantly undervalues’ the company,” said Jaymes Winters, Chairman and CEO of Solidion Technology. “This offer takes into account the capital and execution required to stabilize the business, and Solidion has no intention of increasing its offer at this time.”

Winters continues, “Solidion is and always will be an opportunistic acquirer of companies it believes will complement and amplify its existing technology. In doing so, we will be resolute custodians of our shareholder value and not seek opportunities that are overpriced, beyond repair or not related to Solidion’s growth strategy. We will continue to pursue other prospects in parallel with FLUX.”

In Solidion’s opinion:

Flux Power still faces an immediate need for capital, resulting in highly discounted equity issuance: Private placements, equity lines of credit or other highly dilutive capital facilities used in this distressed manner (which may have been utilized on 10/02/2026) will only accelerate the loss of shareholder value. If the Board believes that its strategy offers greater shareholder value, Solidion believes that shareholders deserve to know how much additional capital will be required, where it will come from, and what it could cost existing shareholders.In order to meet their stated objectives, Flux Power requires, at minimum, $10 million in fresh capital: In order to achieve this without substantial shareholder dilution, the only alternative financing path is an acquisition of Flux by a stronger company.Flux Power continues to face NASDAQ listing pressure: On July 24, 2026, Flux Power received notice from NASDAQ that its common stock had closed below the $1.00 minimum bid price for 30 consecutive business days, providing an initial 180-day period to regain compliance. Additionally, in the event that a reverse stock split becomes necessary, the post-stock split decay risk has historically resulted in a 20-40% decline in the price per share.Changing macroeconomic winds remain a significant risk: Flux Power’s expectations for easing headwinds overlook continued uncertainty in the macroeconomic environment, particularly with regard to the significant tariff exposure facing its supply chain. In order to overcome these challenges, a company with a strong balance sheet is far better suited to weather macroeconomic uncertainties.

Solidion believes that Flux Power shareholders should be given the transparency and information necessary to make an informed assessment of the condition of Flux’s ability to continue as a going concern, and deserve a clear choice between an acquisition that provides a large degree of certainty or continuing to fund a turnaround whose ultimate cost, dilution, and outcome remain critically uncertain.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion’s (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems, including UPS systems serving the artificial intelligence (AI) data center market and electric vehicles for ground, aerospace, and sea transportation. Solidion holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane gas free and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

For more information, please visit www.solidiontech.com or contact Investor Relations.

Important Information Regarding the Proposed Transaction

Solidion has expressed its interest in pursuing a potential acquisition of Flux Power Holdings, Inc. No assurance can be given that a definitive agreement will be entered into or that any transaction will ultimately be commenced or consummated. This is not a legally binding obligation, offer, or commitment by either party. No past, present, or future expression of intent, proposal, discussion, or course of conduct shall give rise to any legally binding contract or obligation to proceed with or close the proposed transaction unless and until a definitive written acquisition agreement has been fully executed. Any proposed transaction would be subject to applicable legal and regulatory requirements, the completion of due diligence, financing considerations, required approvals and other customary conditions.

This communication is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell any securities. Additionally, this communication does not constitute an offer to buy or solicitation of an offer to sell any securities. This communication relates to a proposal which Solidion has made for a business combination transaction with  Flux. This communication is not a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document the parties may file with the SEC in connection with the proposed transaction.  This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. If and when a transaction is commenced, Solidion expects to file applicable materials with the U.S. Securities and Exchange Commission. Investors and security holders are urged to read such materials carefully and in their entirety when and if they become available because they will contain important information.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

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Lender Price’s product and pricing engine now powers pricing natively inside LON’s TPO Portal — eliminating separate logins, manual rekeying, and disconnected workflows for wholesale and correspondent originators.

PASADENA, Calif., Oct. 5, 2026 /PRNewswire-PRWeb/ — Loan Originator Networks (LON) and Lender Price today announced the successful production launch of a fully connected TPO pricing stack, giving wholesale lenders a faster, cleaner path from first quote to funded loan. The integration embeds Lender Price’s cloud-native product and pricing engine (PPE) directly inside LON’s branded TPO platform — so originators price, qualify, and submit loans without ever leaving the portal or rekeying data between systems.

For a mutual lending client already live in production, the result is a single, unified pricing experience: Lender Price’s real-time eligibility and pricing results now surface natively inside the LON TPO portal and flow straight through to MeridianLink Mortgage, the client’s cloud-based loan origination system — with no separate pricer login, no duplicate data entry, and no gaps between scenario, application, and pipeline.

The companies are positioning the deployment as a reference architecture for other lenders looking to pair Lender Price as their PPE with LON’s configurable TPO web layer and a modern LOS such as MeridianLink Mortgage.

Why It Matters

Pricing has traditionally been one of the biggest friction points in the TPO experience — originators toggling between a separate pricing engine and the TPO portal, manually re-entering data, and hoping nothing gets lost in translation before it hits the LOS. This integration closes that gap entirely.

With Lender Price pricing and eligibility running natively inside the LON portal:

Originators get executable, real-time Lender Price results at the point of sale — instantly, inside the platform they already use, with zero separate loginsOperations teams receive clean, structured data already mapped into the LOS, eliminating manual reworkCapital markets and lock-desk teams work from a single, consistent pricing source from first quote through lockWholesale and non-delegated correspondent partners move through the scenario-to-submission cycle dramatically faster

Built for Scale, Designed for Compliance

The two companies approached the integration as a coordinated implementation from day one — aligning on data mapping, pricing rules, lock and disclosure handoffs, and security requirements to ensure production cutover didn’t fragment the TPO experience for a single day. LON’s existing native support for Lender Price as a pricing source meant the integration path was faster than a typical build.

The stack is engineered around two purpose-built layers working as one:

LON hosts the broker- and correspondent-facing TPO experience — application intake, Reg Z–aware compensation logic, and real-time LOS data synchronization — fully automating workflows to reduce operational touches, lower cost per loan, and remove restitution and compliance risk at the point of sale.Lender Price delivers real-time product, pricing, and eligibility across agency, non-agency, and specialty programs, with full lock lifecycle support available via API — with every priced file landing directly in MeridianLink as the system of record.

Expected Operating Benefits

Real-time Lender Price eligibility inside the LON TPO Portal — no separate pricer login requiredElimination of dual entry across the TPO website, PPE, and LOSConsistent product and margin logic from first quote through lockFaster scenario-to-submission cycle times for wholesale and non-delegated correspondent partnersFully automated LON workflows that reduce operational touches, cut cost per loan, and minimize restitution and compliance risk

About Loan Originator Networks

Loan Originator Networks, LLC, founded in 2000 and based in Woodinville, Washington, provides branded TPO and loan-officer web platforms for mortgage lenders, along with LON Pricer and LON Sync data services. LON fully automates origination workflows to reduce operational touches and cost per loan, and is engineered to eliminate restitution and compliance risk. The company is SOC 2 Type II certified. Learn more at loanoriginator.net.

About Lender Price

Lender Price delivers superior cloud-native and AI-driven pricing technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Lender Price’s advanced technology, combined with its deep understanding of the lending landscape, sets it apart from the competition. By leveraging artificial intelligence, machine learning, and data-driven insights, Lender Price equips lenders with the knowledge and resources to make informed decisions and drive growth. Recognized by top industry publications, our award-winning pricing, product and eligibility (PPE) platform continues to lead the industry in advancing capital markets and mortgage pricing technology. Visit us at https://lenderprice.com/ for more information.

Media Contact

David Colwell, Lender Price, 1 626-486-0171, marketing@lenderprice.com, https://lenderprice.com/

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SOURCE Loan Originator Networks (LON)

Former Procter & Gamble Senior Vice President, IT and Global Shared Services, brings three decades of enterprise IT, analytics and board experience to the company behind Decision Formula, software that gives data product owners the analyst they never had.

CINCINNATI, Oct. 5, 2026 /PRNewswire-PRWeb/ — Latend (https://www.latend.com), the company behind Decision Formula (https://www.decisionformula.com), today announced that Andy Walter, former Senior Vice President, IT and Global Shared Services of The Procter & Gamble Company (P&G), has joined the company as a strategic advisor. Walter will work with Latend’s founders on company and product strategy, enterprise adoption of Decision Formula, and strategic partnerships.

For the past decade Walter has been a board member and strategic advisor to companies building the next generation of enterprise analytics and AI across the globe, working with founders on strategy, enterprise go-to-market and scaling. Before that he spent 26 years at P&G, where as Senior Vice President, IT and Global Shared Services, he led more than 1,500 IT and multifunctional professionals responsible for IT and shared services for every P&G business unit and market worldwide, and earlier led the company’s global business intelligence and analytics transformation.

Large companies build data products to make better decisions. These projects rarely go wrong because the team cannot build them. They go wrong because what should be built was never pinned down, and the gaps surface months later as expensive surprises. As AI takes over more of the building, the definition matters more, not less. Defining a data product is hard. It takes the business and the data teams together, and someone has to pull the pieces into one definition: the data product owner. Decision Formula gives that person the analyst they never had. It knows where data products go wrong, from decades of real project experience. It pulls together what is scattered across people, documents and systems into one definition, asks the right people when something is missing, and follows up. And it shows what is still unresolved, so the owner knows when the product is ready to build.

“Since P&G I have only worked with disruptive innovators in the digital, analytics and AI domain, and Latend is one of them. Ask any IT or data leader what keeps them up at night and, somewhere on the list, is disappointing the business. It is easy to do when nobody is sure what you are supposed to build or whether it will land the way the business expects,” said Walter. “Latend is solving exactly that. They have put the full power of AI on the lifecycle between identifying the business problem and building the solution, so the solution your team builds meets what the business asked for, delivers the committed value, and does not get derailed by missed requirements along the way. I am glad to be working with the founders as they bring Decision Formula to enterprise data teams.”

“Andy knows what it takes to make a large company run on data, because he did it at P&G and has spent the years since helping other companies do the same. He understands what the business needs from data and analytics, what the teams delivering it are up against, and how far apart those two can be,” said Jan Wenda, co-founder and CEO of Latend. “Having him alongside us is a real advantage, for us and for the teams we work with.”

Walter serves on the board of directors of True Essence Foods and is Trustee and Co-Chair of the Board of the Ovarian Cancer Alliance of Greater Cincinnati, a non-profit that funds research and supports patients and their caregivers. He is the author of “Waiting Is Not an Action”, a leadership book for executives on disruptive innovation, strategy and career development. He holds a Bachelor of Science in Computer Science from the University of Cincinnati and lives in Cincinnati, Ohio.

About Latend

Latend is the company behind Decision Formula, software that gives data product owners in large organizations the analyst they never had. Built on decades of real data and analytics project experience, Decision Formula pulls together what is scattered across people, documents and systems into one definition of the data product, shows what is still missing, and keeps that definition in a form that business teams, engineers, delivery partners and AI coding agents can all build from. Latend was founded by enterprise data and analytics leaders with decades of experience on the business and delivery sides of data work. Decision Formula is in use inside enterprise environments today, including Fortune 500 teams. Latend is privately held, with teams in the United States and Poland. Learn more at https://www.latend.com and https://www.decisionformula.com.

Media Contact

Jan Wenda, CEO, Latend Inc., 1 5134004873, contact@latend.com, https://www.latend.com

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SOURCE Latend Inc.