Solidion Expertise (NASDAQ:STI) has restructured a $4M fairness deal, decreasing dilution and boosting shareholder worth, it mentioned on Wednesday, pushing shares larger in morning commerce.
This strategic restructuring eliminates potential dilution of as much as 3.4 million pre-funded warrants, which the corporate believes will considerably improve shareholder worth and place the corporate to maneuver ahead with a big strategic investor that’s vested within the long-term imaginative and prescient of the corporate.
