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Solidion Technology Inc. (NASDAQ:STI) announced Monday that its Audit Committee approved the dismissal of Deloitte & Touche LLP as the company’s independent registered public accounting firm. The change will take effect immediately following the filing of Solidion’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.
According to a statement included in a Securities and Exchange Commission filing, Solidion is currently conducting a competitive process to engage a new independent registered public accounting firm, which will become effective as of the auditor change date.
The audit report issued by Deloitte for Solidion’s consolidated financial statements as of and for the fiscal year ended December 31, 2024, did not contain any adverse opinion, disclaimer of opinion, or modifications related to uncertainty, audit scope, or accounting principles.
The company reported that during its most recent fiscal year and the interim period from January 1, 2025, through October 21, 2025, there were no disagreements with Deloitte on accounting principles, practices, financial statement disclosure, or audit procedures that would have required disclosure. With Solidion’s next earnings report scheduled for November 19, investors can access comprehensive financial analysis and earnings forecasts through InvestingPro, which offers detailed insights into company valuations and financial health metrics. The filing noted that there were no reportable events as defined by SEC regulations, except for previously disclosed material weaknesses in Solidion’s internal control over financial reporting. These weaknesses were related to the company’s control environment, risk assessment, control activities, information and communication, and monitoring.
Solidion provided Deloitte with a copy of the disclosures before submitting the filing to the SEC. Deloitte’s letter to the SEC, dated Monday, confirming its agreement with the statements made in the report, was included as an exhibit in the filing.
The information in this article is based on a statement in a press release filed with the Securities and Exchange Commission.
In other recent news, Solidion Technology Inc. has introduced the PEAK Series, a new Uninterruptible Power Supply (UPS) system tailored for AI data centers. This system features Solidion’s 5500 battery cell, leveraging silicon-carbon anode technology, and claims to reduce space by up to 30% compared to traditional systems. Additionally, Solidion Technology has restructured a previous $4 million equity financing deal, eliminating up to 3.4 million Pre-Funded Warrants to prevent potential dilution. Investors Madison Bond LLC and Bayside Project LLC have converted their warrants into common stock, committing to retain these shares for at least a year. In governance news, board member Cynthia Ekberg Tsai has resigned, leading to Solidion Technology’s audit committee falling short of Nasdaq’s three-member requirement. The company has informed Nasdaq of this non-compliance following Ms. Ekberg Tsai’s departure.
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