Form SC 13G - Statement of acquisition of beneficial ownership by individuals
18 Junio 2024 - 2:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Solidion Technology
Inc.
(Name of Issuer)
Common stock,
par value $0.001
(Title of Class of Securities)
834212102
(CUSIP Number)
June 18, 2024
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
☒ Rule 13d-1(b) |
☐ Rule 13d-1(c) |
☐ Rule 13d-1(d) |
* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 834212102 |
|
Page 2 of 7 Pages |
1 |
NAMES OF REPORTING PERSONS: |
|
Meteora Capital, LLC |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): |
|
(a) [ ] |
|
(b) [ ] |
3 |
SEC USE ONLY: |
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION: |
|
Delaware |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5 |
SOLE VOTING POWER:
0 |
6 |
SHARED VOTING POWER:
9,550,354 |
7 |
SOLE DISPOSITIVE POWER:
0 |
8 |
SHARED DISPOSITIVE POWER:
9,550,354 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
|
9,550,354 |
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
|
[ ] |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): |
|
9.90% |
12 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
|
IA |
|
|
|
|
|
|
CUSIP No. 834212102 |
|
Page 3 of 7 Pages |
1 |
NAMES OF REPORTING PERSONS: |
|
Vik Mittal |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): |
|
(a) [ ] |
|
(b) [ ] |
3 |
SEC USE ONLY: |
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION: |
|
United States |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
5 |
SOLE VOTING POWER:
0 |
6 |
SHARED VOTING POWER:
9,550,354 |
7 |
SOLE DISPOSITIVE POWER:
0 |
8 |
SHARED DISPOSITIVE POWER:
9,550,354 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
|
9,550,354 |
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
|
[ ] |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): |
|
9.90% |
12 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
|
IN |
|
|
|
|
|
|
Page 4 of 7 Pages
Item 1(a) |
Name of Issuer: |
|
Solidion Technology, Inc. |
Item 1(b) |
Address of Issuer’s Principal Executive Offices: |
|
13355 Noel Rd, Suite 1100, Dallas, TX 75240 |
Item 2(a) |
Name of Person Filing: |
|
This statement is filed by:
(i) Meteora Capital, LLC, a Delaware limited liability company (“Meteora
Capital”) with respect to the common stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora
Capital serves as investment manager (collectively, the “Meteora Funds”); and
(ii) Vik Mittal, who serves as the Managing Member of Meteora Capital,
with respect to the common stock held by the Meteora Funds.
The foregoing persons are hereinafter sometimes collectively referred
to as the "Reporting Persons."
The filing of this statement should not be construed as an admission
that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the common stock reported herein. |
Item 2(b) |
Address of Principal Business Office or, if none, Residence: |
|
The address of the principal business office for each of the Reporting
Persons is:
1200 N Federal Hwy, Suite 200, Boca Raton, FL 33444 |
Item 2(c) |
Citizenship: |
|
Meteora Capital is a Delaware limited liability company. Vik Mittal
is a United States citizen. |
Item 2(d) |
Title of Class of Securities: |
|
Common stock, par value $0.001 (the “common stock”) |
Item 2(e) |
CUSIP Number: |
|
834212102 |
Item 3. |
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
|
(a) ☐
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b) ☐
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) ☐
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
Page 5 of 7 Pages
|
(d) ☐
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) x An investment adviser
in accordance with 240.13d-1(b)(1)(ii)(E);
(f) ☐
An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
(g) x A parent holding
company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
(h) ☐
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ☐
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C.
80a-3);
(j) ☐
A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
(k) ☐
Group, in accordance with 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: |
Item 4. |
Ownership |
|
The information required by Items 4(a) – (c) is set forth in
Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting
Person.
On December 13, 2023, Solidion Technology, Inc. f/k/a Nubia Brand International
Corp. (the “Company”) entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select
Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with
MCP and MSTO, “Seller” or "Subscriber") (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward
Transactions. Per the initial Pricing Date Notice, Subscriber validly subscribed for 5,838,537 Additional Shares. Per the Forward Purchase
Agreement, "the Company shall deliver to Subscriber (i) on the Closing Date, the Subscribed Shares in book entry form, free and clear
of any liens or other restrictions (other than those arising under this Subscription Agreement or applicable securities laws), in the
name of Subscriber (or its nominee or custodian in accordance with its delivery instructions) (and the Purchase Price shall be released
from escrow automatically and without further action by the Company or Subscriber), and (ii) as promptly as practicable after the Closing,
evidence from the Company’s transfer agent of the issuance to Subscriber of the Subscribed Shares on and as of the Closing Date."
Since delivering the aforementioned initial Pricing Date Notice, Subscriber has delivered two (2) additional Pricing Date Notices to the
Company, validly subscribing for 9,543,002 Additional Shares. To date, the Company has failed to deliver the Additional Shares to Subscriber
and thus is in material breach of the Forward Purchase Agreement. Subscriber has reserved all rights and is considering commencing legal
action. |
Page 6 of 7 Pages
Item 5. |
Ownership of Five Percent or Less of a Class. |
|
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
[ ]. |
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person. |
|
Not applicable |
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
|
Not applicable |
Item 8. |
Identification and Classification of Members of the Group. |
|
Not applicable |
Item 9. |
Notice of Dissolution of Group. |
|
Not applicable |
Item 10. |
Certifications. |
|
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction having that purpose or effect. |
Exhibits
99.1 Joint Filing Agreement
Page 7 of 7 Pages
SIGNATURE
After reasonable inquiry and
to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
June 18, 2024
|
Meteora Capital, LLC
|
|
By: /s/_Vik Mittal |
|
Name: Vik Mittal |
|
Title: Managing Member |
|
|
|
Vik Mittal
|
|
By: /s/ Vik Mittal |
|
Name: Vik Mittal |
|
|
|
|
Exhibit 99.1
JOINT FILING AGREEMENT
Pursuant to and in accordance
with the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (the “Exchange Act”) the undersigned
hereby agree to the joint filing on behalf of each of them of any filing required by such party under Section 13 of the Exchange
Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with respect to securities
of Solidion Technology, Inc.., a Delaware corporation, and further agree to the filing, furnishing, and/or incorporation by reference
of this Agreement as an exhibit thereto. Each of the undersigned is responsible for the timely filing of such filings and any amendments
thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned
is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person
knows or has reason to believe that such information is inaccurate. This Agreement shall remain in full force and effect until revoked
by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party. This Agreement
may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument. The undersigned,
being duly authorized, have executed this Joint Filing Agreement this 18th day of June, 2024.
|
Meteora Capital, LLC
|
|
By: /s/_Vik Mittal |
|
Name: Vik Mittal |
|
Title: Managing Member |
|
|
|
Vik Mittal
|
|
By: /s/ Vik Mittal |
|
Name: Vik Mittal |
|
Meteora Capital, LLC
|
Solidion Technology (NASDAQ:STI)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Solidion Technology (NASDAQ:STI)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024