Solidion(US:STI)2024-06-07 20:31Financial Results - Solidion Technology, Inc. announced its first quarter 2024 financial results on June 7, 2024[4]. Nasdaq Compliance - The company received a delinquency notification from Nasdaq on May 31, 2024, due to a delay in filing its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024[6]. - Solidion has 60 calendar days to submit a plan to Nasdaq to regain compliance with the listing rule, with a potential extension of up to 180 days if accepted[7]. - The company’s securities will continue to trade on The Nasdaq Global Market under the symbol "STI" despite the noncompliance[8]. - No immediate effect on the listing or trading of the company's securities has been reported due to the notice received[8]. Stockholder Meetings - A Special Meeting of Stockholders was held on June 3, 2024, where a proposal for the potential issuance of shares equal to or exceeding 20% of the common stock outstanding was approved with 68,055,000 votes in favor[11]. - The reverse stock split proposal was authorized with 78.31% of outstanding shares voting in favor[12]. Company Operations - The company continues to work diligently to complete the Form 10-Q and plans to file it as promptly as possible[8]. - The company issued a press release on June 6, 2024, regarding the receipt of the Nasdaq notice[9]. - The company is classified as an emerging growth company under the relevant regulations[3].