Home / Restatements / Solidion Technology Inc.

5/5Solidion Technology Inc. (STI): Non-reliance / restatement

Filed 2025-11-17 路 Form 8-K 路 Accession 0001213900-25-111600 nano

Market data

Price before filing: $10.05 (2025-11-14 close, split/dividend-adjusted)
Market cap at flag: $40.0M (2025-11-17) 路 Latest: $36.7M (2026-10-16)

What happened next

WindowSTISPYvs SPY
30 days-39.2%-0.1%-39.1%2025-12-17
90 days-60.2%+1.9%-62.1%2026-02-17
180 days-53.0%+10.6%-63.6%2026-05-18

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 1 insider sold $183K (3 sales)
30 days after: 1 insider sold $116K (5 sales)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-09-10Global Graphene Group, Inc.
10% owner
Sale23,468$5.38$126KnoForm 4
2025-09-11Global Graphene Group, Inc.
10% owner
Sale6,532$5.25$34KnoForm 4
2025-09-12Global Graphene Group, Inc.
10% owner
Sale4,000$5.67$23KnoForm 4
2025-11-17: red flag filed
2025-11-24Global Graphene Group, Inc.
10% owner
Sale1,865$10.89$20KnoForm 4
2025-11-25Global Graphene Group, Inc.
10% owner
Sale4,910$10.53$52KnoForm 4
2025-11-26Global Graphene Group, Inc.
10% owner
Sale3,225$10.39$34KnoForm 4
2025-12-11Global Graphene Group, Inc.
10% owner
Sale568$7.87$4KnoForm 4
2025-12-12Global Graphene Group, Inc.
10% owner
Sale750$7.87$6KnoForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-19 to 2025-12-17. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"(the "Company"), after consultation with the Company's Audit Committee, concluded that the Company's previously issued interim financial statements as of and for the period ended June 30, 2025 (the "Affected Financial Information") included in the Company's Quarterly Report on Form 10-Q for such period should no longer be relied upon."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change, Going-concern doubt

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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