Honeycomb Battery Company and Nubia Brand International Corp. Announce Closing of Business Combination [Yahoo! Finance]
Nubia Brand International Corp. - Unit (NUBIU)
Company Research
Source: Yahoo! Finance
completion of its previously announced business combination with Nubia Brand International Corp. (“Nubia”), a special purpose acquisition company led by an African-American/Latino sponsor group. The transaction was approved at a special meeting of Nubia's stockholders on December 14, 2023. Upon the completion of the business combination, the combined company was renamed Solidion Technology Inc. (“Solidion”). Beginning on Monday, February 5, 2024, Solidion's common stock is expected to begin trading on the NASDAQ Global Market under the new ticker symbol “STI.” Dr. Bor Jang, the Executive Chairman of Solidion, commented: “Today represents a momentous achievement for our company. Having developed a cost-effective process for mass-manufacturing green graphite anode materials from sustainable biomass sources, Solidion's years of in-depth R&D and manufacturing experience in graphite and other anode and cathode materials put it in a unique position to capitalize on the rapidly changing
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