Honeycomb Battery Company and Nubia Brand International announce closing of business combination
Last year, Global Graphene Group (G3) announced plans for its subsidiary, Honeycomb Battery, to merge with a SPAC company (Nubia Brand International Corp.) in a deal worth $925 million. Earlier this month, it was announced that this business combination was completed.
Upon the completion of the business combination, the combined company was renamed Solidion Technology. Beginning on Monday, February 5, 2024, Solidion’s common stock was expected to begin trading on the NASDAQ Global Market under the new ticker symbol “STI.”