STI - What's Going On With Solidion Technology (STI) Stock? | Benzinga

Solidion Technology Inc (NASDAQ:STI) shares are trading higher by 130% to $1.80 Monday afternoon, though off the session high of $3.00. This surge higher comes despite a lack of company-specific news for the session.

The move higher is potentially due to post-IPO volatility as shares debuted in February. Solidion Technology began trading on NASDAQ under the ticker symbol “STI” on February 5, following a merger between Honeycomb Battery Company (HBC) and Nubia Brand International Co., a special purpose acquisition company (SPAC).

The company last Wednesday announced a press release highlighting it is focusing on electric vertical takeoff and landing (eVTOL) aircraft, seen as the next breakthrough in urban transportation technology.

Solidion noted SeVTOL aircraft require high-energy battery packs, with experts suggesting a need for gravimetric energy density exceeding 400 Wh/kg. The company says Lithium-sulfur (Li-S) batteries are currently the most ...

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