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By Kelly CloonanSolidion Technology is proposing to buy Flux Power Holdings in an all-cash deal that would combine the battery technology companies.In a Wednesday letter to Flux shareholders, Solidion said that its nonbinding indication of interest is priced under Flux's closing price from Tuesday…
Solidion Technology said it intends to pursue an acquisition of Flux Power and issued an open letter to Flux shareholders. The company said the proposed transaction is non-binding and would be subject to approvals, due diligence and financing.